Month: March 2005

RZB Signs Up to UBS CLS Service

UBS and Austria’s RZB say they have engineered a “fully integrated solution that maximises the operational and cost benefits of the CLS settlement process”. The main objective of the implementation process, they add, was to create a solution incorporating the latest CLS initiatives, such as the elimination of MT300 Swift confirmations. To this end, a […]

CSFB Parts Company with Fixed Income Chiefs

Credit Suisse First Boston (CSFB) has seen the departure of two fixed income heads. Jerry Wood, former co-head of fixed income, and Trevor Price, head of fixed income, Europe, have left the bank in London.   Wood was co-head of fixed income along with Jim Healy, who has now been appointed sole global head. Healy […]

Calyon Adds Senior Spot Dealers

Calyon has added senior FX spot dealers in London and New York. Donald Meyers joins as senior FX trader and director, focusing on Eur/Usd. He will be based in New York, and reports to Patrick McInerney, head of FX in New York. Meyers was previously at HSBC, New York, where he held a similar role. […]

Refco Expands FX Institutional Sales in US

Two new staff have joined the FX institutional sales team at Refco. Ernest Rouse and Eric Hummel join the team shortly after the launch of its revitalised FX platform, Refco FX Pro Trader.   New York-based Rouse was formerly a vice president, sales and support at HotSpot FX, while Chicago-based Hummel joins from Bank One, […]

DKW Hires Carrington, Finos in London Build-Up

Dresdner Kleinwort Wasserstein (DKW) is further bolstering its London FX operation with two senior hires. Tim Carrington joins as managing director and global head of FX derivatives, and Alex Finos joins as director and global head of spot trading.   Carrington was previously at Standard Chartered, where he was global head of FX options. Prior […]

…as RBS Makes Two Nordic Appointments

Meanwhile RBS has announced the appointment of Ian Smythe on its institutional desk in London. The bank has also announced the appointment of Leif Nurmimaki to the FX sales desk. Smythe left Deutsche Bank, where he was previously FX director, financial institutions, focusing on Scandinavian clients.   Nurmimaki joins the FX sales team to focus […]

Kelleher Resurfaces at RBS

Steve Kelleher, formerly with JP Morgan, is moving to the Royal Bank of Scotland (RBS) in London, a spokesperson confirms. He is due to start at the end of February as an FX salesperson focusing on financial institutions. Kelleher will be based in London and reports to Brian Perry, manager, financial markets funds, FX and […]

Bigley Exits Westpac

Alan Bigley left Westpac in London, the bank confirms, where he was a spot trader. He reported to Hugh Killen, global head of institutional foreign exchange. Profit & Loss could not establish where he was heading by press time.  

John W. Henry: Holding on to Dreams

There are few in the financial markets who share the same humble beginnings as John W. Henry, chairman and founder of John W. Henry & Company, Inc., and few again who share his successes. Starting out as a ’dirt farmer’ in Arkansas, Henry started trading commodities by hedging the family farm production; and a few […]

Parker FX Index Up 0.86% in December

 The Parker FX Index is reporting its monthly return up 0.86% for the month of December. All 63 programmes in the Index reported December results, 71% of them positive. On a risk-adjusted basis, the Index is up 0.24%. The median return for the month is 0.56% while the performance range for the month is between […]