Month: August 2005

Campbell’s York to Retire

Alternative investment firm Campbell & Company has announced that Doug York, executive vice president and head trader, will retire from the firm as of August 31. After 25 years in the financial markets, of which the last 13 were spent with Campbell, the firm says that York plans to spend more time with his family […]

Banks to BNPP

BNP Paribas has appointed Clive Banks as the new head of foreign exchange sales for its European Corporate Group (ECG), which includes all corporate, sovereign, agency and supranational clients. Based in London, Banks starts this week and reports to London-based Ligia Torres, head of ECG. Banks joins from Citigroup in London, where he worked as […]

Deutsche Bank Hires Ho in Hong Kong

Deutsche Bank has appointed Matthew Ho as director and head of Hong Kong coverage for global markets. Previously head of sales at Fortis Bank in Hong Kong, Ho is now responsible for origination, sales and execution of FX, fixed income, interest rate, and equity derivatives products to institutional and corporate clients. He reports to David […]

Standard Chartered Joins CFETS as Liquidity Provider

Standard Chartered has received in-principal approval from the China Foreign Exchange Trading System [CFETS] to become a liquidity provider to CFETS’ FX portal. The portal was launched on 18 May 2005 using Reuters FX technology to offer trading in eight foreign currency pairs. Seven global banks and three Chinese banks act as liquidity providers [See […]

RBS Announces Co-operation with Ukash

The Royal Bank of Scotland Financial Markets (RBS) and Ukash, a supplier of deposit and withdrawal services for internet commerce, have signed an agreement to enable online multicurrency functionality through RBS’s FXmicropay – an FX management service, developed in-house and integrated via an API. “With FXmicropay intelligently managing FX risk on Ukash’s behalf, Ukash can […]

Integral Sells MarginMan

Integral Development Corp has sold its MarginMan collateralised trading solution to Connecticut-based SS&C Technologies. Integral acquired MarginMan as a part of its acquisition, in February 2002, of Dublin-based International Financial Systems. “The sale of MarginMan reflects the growing success of our strategy to provide direct market access in foreign exchange via FX Inside and the […]

BarCap Confirms Hires

Barclays Capital, London, has verified the appointments of Gavin Postlethwaite and Farah Musa. (see Squawkbox, August 1, 2005) Postlethwaite has started two weeks ago and is trading FX forwards. He reports to Jan Smorczewski, head of FX forwards. Prior to joining Barclays, he was with Morgan Stanley in London, as an FX forward and short […]

Field Joins eSpeed

eSpeed has hired Michael Field as new director, global institutions. In his role he will focus on selling the firm’s FX product to major financial institutions. Based in London he will be reporting to Nigel Renton, managing director of foreign exchange. Prior to joining eSpeed, Field was a consultant for Icap and Forexster. Before that […]

Informa Global Markets loses Meanwell

Kerry Meanwell is to leave her post as global head of FX strategy at Informa Global Markets in London this week. Sources report that she is headed for Societe Generale, Corporate & Investment Banking in London, where she is going to join the institutional sales/trading desk. The bank was not able to confirm the hire […]

BofA Adds Strategists

Lawrence Goodman has joined Bank of America (BofA) as the new managing director and head of global emerging market foreign exchange strategy. Based in New York, he will lead the bank’s emerging markets strategy effort globally, including macro-economic and currency analysis. He reports to Robert Sinche, managing director and head of global foreign exchange strategy. […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support