Month: July 2005

StanChart Hires Maasland & Salters

Standard Chartered Bank has hired two senior business managers. Albert Maasland joins the London office to focus primarily on customer-related activities, while Ian Salters will transfer to Singapore in late summer to cover the operational side of the business. Both Maasland and Salters report to Singapore-based Jean Loy, the bank’s chief operating officer for the […]

China Decision Leads to Surge in Trading

The decision of the Chinese government to revalue the reminbi by 2.1% to 8.11 and adopt a new currency basket for future currency management has been broadly welcomed in the financial markets – as was the announcement the same day that Malaysia has also floated against a basket of currencies after more than six years […]

Stott Exits NAB

Carole Stott, head of UK corporate FX sales at National Australia Bank, has left the bank. Market sources report that she will join Deutsche Bank in London in August as a senior UK corporate FX sales person, but this was unable to be confirmed by press time.

RBS Adds in Emerging Markets

The Royal Bank of Scotland (RBS) has appointed Kenneth Kan and Chris Dunning to its emerging markets trading teams in Asia and North America. Kan will be head of Asian emerging markets, based in Hong Kong. He joins from Standard Chartered in Singapore, where he was the global head of NDF trading for seven years. […]

JPM Signs with Hotspot

JP Morgan has signed on as a Participating Financial Institution with Hotspot FXi. The bank will provide clearing services for Hotspot FXi trades to its foreign exchange clients, however it is not becoming a liquidity provider on the platform according to sources within the bank. "We are excited to support our clients’ activity on Hotspot […]

RBS PB on Currenex

Currenex announces that the Royal Bank of Scotland (RBS) is offering its prime brokerage services on its FX trading platform. RBS prime brokerage clients can now connect to and trade through Currenex, at the same time Currenex clients that want to utilise RBS prime brokerage, can do so. Michelle Wong, global head of prime brokerage […]

New MD for FXCM

Andreas Putz has been appointed managing director for FXCM Pro, a division of Forex Capital Markets (FXCM) in London. He joins from Calyon in London where he ran emerging market FX trading and sales and will report to Drew Niv, CEO of FXCM.

Stokes Joins SuperDerivatives

Tony Stokes has joined options pricing and revaluation system provider SuperDerivatives as head of interest rate products. Based in London, he will report to David Gershon, CEO and founder of the company. Stokes was last at Commerzbank in London, where he initiated and developed the firm’s medium to long-term hybrid FX and interest rate business. […]

JP Morgan Shuffles Sales Team

Eric Robin, JP Morgan’s London-based co-head of European FX sales for corporates and regional banks, has left following a flattening of the management structure, according to sources close to the bank. Oliver Jerome, who worked with Robin covering regional banks with a particular focus on Switzerland, assumes sole responsibility for the banks sector. Meanwhile, New […]

BoA Names New Options Head

Bank of America has reportedly hired Simon Manwaring as global head of FX options correlated trading. Manwaring was previously head of correlated trading at JP Morgan in London, where he spent the past 12 years. At BoA, he reports to New York-based Mark Mullet, global head of FX options.