Month: June 2004

Drake Hires Horodeck for Asia Push

Drake Management, a New York-based fixed income manager, has hired Richard Horodeck as a managing director to lead its push into Japan and Asia. Formerly founder and head of HedgeJapan, he brings with him Kenji Yamauchi and Takako Funada, the consulting firm’s specialists. Horodeck, a lawyer, created the Nenpuku funds (the first US and offshore […]

Fimat Adds Managers to Performance Measure

Fimat Group, part of Socit Gnrale Group, announced that in May, two further hedge funds were added to the Fimat Volatility Arbitrage Median (FVAM). FVAM is a performance measure for the volatility arbitrage hedge fund strategy and is, in part, designed to raise the profile of this strategy. FVAM is maintained by Fimat Alternative Investment […]

Circle Joins Amex

Alan Circle, most recently an executive director in institutional sales at UBS in Stamford, Connecticut, has left the bank, the desk confirms. He joins American Express Bank today, June 21, as a senior director, head of New York sales for the financial markets services (FMS) group. He reports to Matt Porio, head of FMS global […]

StanChart Appoints Hedge Fund Sales Chief

Standard Chartered has hired Michael Drennan as global head of hedge fund sales, a spokesperson confirms. Based in Singapore, he will report to David Carr, global head of sales, global markets, who is also Singapore-based. Drennan, who joins from AIG, will take his new position in August. Recent weeks have been fairly busy for StanChart, […]

Freeman Takes BofA Role

Following his exit from Citigroup (as reported last week in Squawkbox), Bank of America (BofA) confirms that Scott Freeman has become New York-based head of FX electronic trading services. He will report to Christiane Mandell, global head of foreign exchange. Separately, as reported in SB on May 17, BofA confirms that Tony Barca has become […]

Industry Steps Towards Standards Convergence

The International Standards Team (IST) for Harmonisation has created a standard XML core payment kernel for corporate-to-bank payment initiation and status messages. The kernel consists of an agreed set of key financial data components required for a payment message in any currency. ABN Amro, Bank of America, Citigroup, Deutsche Bank, HSBC, JP Morgan, Nordea, Standard […]

Changes at IFX

James Thornton has become head of FX at IFX Markets in London, confirms Edmund Warner, chief executive of IFX Group. Warner had assumed responsibility for FX when Peter Romilly exited the organisation earlier this year. Thornton joins from Old Mutual in London. Meanwhile, Jeff Halley, chief dealer at IFX Markets in London, has left the […]

ABN Expands FX Capabilities

ABN Amro’s London operation has hired four in response to what it says is a growing demand for FX and currency derivatives, driven by hedge fund participation and more traditional hedging needs. All four report to Mark Sweeting, European head of FX distribution to financial institutions, who is based in London. Ed Church joins the […]

LogicScope Reshuffles

London-based e-trading support vendor LogicScope Realisations has appointed John Jessop as chief operating officer. Jessop was previously a non-executive director of the company, and will continue to serve as an executive director. He has extensive industry experience, having worked as a senior executive at Reuters, Telerate and Bridge. Separately, Andy Adnitt has become chief technology […]

HSBC Takes Telerate Service

Telerate is to provide a hosted market data service based on Telerate Connect to HSBC as part of a three-year agreement. The service will be rolled out to various business areas within HSBC, enabling it to provide retail customers with premium benchmark data and analysis tools over the Internet. Two hundred investment advisors globally will […]