Month: November 2004

Commerz FX Team Awaits Further News

Following last Tuesday’s announcement that Commerzbank would be retrenching its global investment banking operations back to Frankfurt, sources close to the bank say that the FX team has so far received no news and been left hanging in the balance.   The decision to restructure followed a consultant’s report, which resulted in the plan to […]

New Head of FX Trading at BMO

Firas Askari has rejoined BMO Nesbitt Burns in Toronto as vice president and manager, foreign exchange trading, capital markets, the bank confirms. He reports to Jamie Thorsen, Chicago-based executive managing director of FX. Askari takes over from Linda Park, who has left the bank after 15 years to pursue outside interests.   In March, Askari […]

Wittmann Retires from RBC

Rob Wittmann, formerly Toronto-based managing director of FX at the Royal Bank of Canada, is believed to have retired from the organisation. The bank declines to confirm Wittmann’s departure, or say whether a new structure has been put into place.   Wittmann was given joint responsibility for the global FX business alongside London-based Mark Allen […]

Murdoch Heads for ABN?

Stuart Murdoch, formerly of AIG, is reportedly joining ABN Amro in London as a senior FX trader at the end of the month. The bank declines to comment.  

Stone Takes Top NAB Role for Europe

Mike Stone is the new general manager of institutional markets and services (IMS) in Europe at National Australia Bank (NAB), a spokesperson confirms. London-based, Stone reports jointly to Melbourne-based John Hooper, executive general manager of IMS, and Lynne Peacock, CEO of Europe. In this role, Stone is responsible for driving the local strategy of IMS, […]

Market Floods Back; Records Announced

After a listless period in the majors, the last week and a half has seen the FX markets enjoy a welcome return of the volatility which typified the earlier part of the year.          As a result, both the Chicago Mercantile Exchange (CME) and EBS say they enjoyed record trading days on November 5 and […]

Kent Promoted at RBA

Christopher Kent has become head of economic research at the Reserve Bank of Australia. Based in Sydney, he reports to Malcolm Edey, assistant governor, economic. He was previously deputy head of the economic analysis department, and has also worked at the International Monetary Fund.                          Kent replaces Tony Richards, who became head of the economic […]

HedgeWorld’s Barrett Joins UBS

Gregory Barrett joined UBS Securities as director in the hedge fund services group,  based in New York, the bank confirms. He reports to Joe Young, US head of capital introduction. Barrett spent the last six years as president of HedgeWorld, an information provider to the hedge fund industry. In his new role, Barrett is responsible […]

Cardinal Hires Davies

Stuart Davies joins London-based Cardinal Asset Management as part of its hedge fund team, working with Paul Boulton and Christopher Peel.   Davies joins the alternative asset investment firm from Coronation International, where he managed the Relative Value Fund and co-managed significant mandates. Prior to this, he was head of the investment team and a […]

Swan Joins Skandia

Skandia Investment Management has hired Robert Swan as marketing manager, the company confirms. He reports to David Orr, head of marketing at the asset management division of Skandia Group, and will work between its two UK offices in London and Southampton.   Swan joins the company from Henderson Global Investors, where he was head of […]