Month: July 2004

ABN Bolsters Global Trading

ABN Amro has made a number of appointments to expand its FX trading capabilities, confirming 10 hires and transfers amongst the FX trading desks globally. “We have been expanding the business as a whole and benefited from an expansion in volumes on both traditional market making and e-commerce, on the FX cash and derivatives sides […]

Citi VP Exits, Heads for RBS

Gregory Edwards has resigned from Citigroup, where he was a vice president of FX e-commerce sales in London, the desk confirms. The Royal Bank of Scotland in London confirms that he will join as a director of e-ventures and agency treasury, reporting to Stamos Fokianos, head of new product development in the financial markets team, […]

Reuters/Telerate Rumours Heat Up

Reuters is reportedly “close to agreeing a take-over of rival Telerate”, according to a report last Thursday on Dow Jones Newswires, which quoted an unnamed source as saying that the two companies are close to an agreement which would value Telerate at $200 million to $300 million. According to the DJN report, the payment would […]

Commerz Adds Options Trader?

James Hamill is reportedly joining Commerzbank in London, sources say. The bank declines to comment, but he is believed to be starting on August 2 and reporting to Nozar Hussain, head of FX trading, who is also based in London. Commonwealth Bank of Australia, where Hamill was a senior dealer, FX options, confirms he has […]

Usher Joins RBS

Richard Usher will join the Royal Bank of Scotland (RBS) in London in mid-August, the bank confirms. Formerly a spot trader at Bank of America, he will have the same title at RBS, and report to Roger Hawes, London-based global head of spot FX. Hawes was officially made global head of spot FX in April, […]

Citi Adds to FX Investor Sales in UK

Mike Rosborough will join the UK FX investor sales desk at Citigroup in London on August 1, a spokesperson confirms. He reports to Michael Paulus, head of UK FX investor sales, who is also based in London. Sources say he previously worked for Moore Capital and before that, CIBC.

Rabo Hires in London

Rabobank is to hire two spot traders for its London trading desk at the end of August, the bank confirms. Gary Andrews, formerly a spot trader at Westpac, and David Hardingham, formerly of Societe Generale, will both join the desk, reporting to Scott Swift, chief dealer. Swift was recently named chief dealer (Squawkbox, July 12), […]

Gioulis Joins NAB

Tony Gioulis is the new head of securitisation, Europe, at National Australia Bank, a spokesperson says. He joins from HSBC, where he spent seven years in a similar role. According to the bank, Gioulis’ responsibilities will include selling asset backed securities to the bank’s FX client base.

US Bank Appoints New Sales Chief

Tim Shafer, formerly of Bank One, joins US Bank in Minneapolis as FX national corporate sales manager, the bank confirms. He reports to Pat Nobel, senior vice president and manager of FX at the bank, who is based in Milwaukee. Each of the bank’s FX sales desks in Minneapolis, Milwaukee, Portland, Seattle and St Louis […]

COESfx Names Ramirez to Board

COESfx, an electronic currency network founded in May 2002, has added Maria Ramirez as chairman of its advisory board. The New York-based direct dealing platform targets banks, institutions, hedge funds and retail traders. Ramirez is president of Maria Fiorini Ramirez, an economic and financial consulting firm formed in 1992. The Wall Street Journal named her […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support