Month: June 2005

Launch of New Benchmark Eonia Swap

Eonia Swap Index (ESI), a new derivatives market reference rate for the euro, had its first fixing take place on June 20. The ESI was a joint initiative between Euribor (Euro Interbank Offered Rate) FBE and Euribor ACI, with the technological support of Telerate. The European Banking Federation (FBE) is acting as a catalyst in […]

White Left BofA

Andy White, a senior FX trader and head of spot trading for EMEA, has left Bank of America, a spokesperson confirms. According to sources, White is joining the Royal Bank of Scotland, London, but this could not be confirmed by press time.

Citi Makes New Hire

Brigid Brennan today joins Citigroup in Chicago as director in Midwest FX sales. She previously held a senior FX sales role at ABN Amro Chicago. While the bank confirms her hire, a spokesperson was unable to provide her reporting line.

Vincent Trades Merrill for CSFB

Jake Vincent is set to leave Merrill Lynch in New York and move to CSFB, London, where he will be vice president and emerging markets specialist. He will report directly into Rusty Elvidge, co-head of global FX and treasury product sales. At Merrill, Vincent was an emerging markets specialist.

Saxo Bank Gets Cash Injection

Private equity firm General Atlantic (GA) has invested DKr 728 million (about $127 million), in Saxo Bank, a provider of investment banking services. “We’re encouraged by Saxo Bank’s multi-product trading capabilities, its access to the deepest liquidity pools, and its ongoing commitment to world-class technology. Together, these factors will allow Saxo Bank to capitalise on […]

BNP Paribas In Senior Sales Hire

BNP Paribas has hired Alistair Mullen as new head of European frequent user rates sales within the Institutional Coverage Group (ICG). Commencing his new job on August 22, London-based Mullen will report directly into Stefano Paschetto, head of ICG Europe. Mullen comes from ABN Amro, London, where he most recently was head of global interest […]

NAB Trader Gets Maximum Sentence

The first of the four National Australia Bank (NAB) currency options traders to face trial in connection with the Aud 360 million (152 million) losses, Luke Duffy, has been sentenced to the full 29 months he faced, rather than the minimum term of 16 months. The 35-year old trader pleaded guilty to three charges of […]

Deutsche Makes Two Sales Hires

Deutsche Bank has added to its sales desks in London and New York with two hires. In New York, Ramone Bauza joins as managing director and head of FX sales to US corporates; while in London, Fabio Madar joins as a director of FX sales, covering Italian clients. Bauza reports to Jason Shell, head of […]

Urwin Joins Barclays

Jerry Urwin will join Barclays Capital, London, in mid-July, an official of confirms. Urwin takes the role of director, trading Eur/Usd. He reports into Danny Wise, head of spot FX. Urwin joins from Citigroup, London, where he traded the same book. Sources say he was number two on the desk.

Circle Moves to HSBC?

According to sources, Alan Circle is reportedly trading American Express Bank for HSBC, New York. Sources say he is joining as a senior institutional salesperson.At Amex, Circle was a senior director and head of NY sales for the Financial Markets Services Group (FMS); however, the bank was not able to comment by press time.Circle joined […]