Month: August 2005

Myers Exits SG

Adam Myers has left Societe Generale Corporate Investment Banking (SG CIB), a spokesperson confirms. He was a senior currency strategist, reporting into Philippe Ithurbide, global head of FX and fixed income research. Sources suggest he is heading for UBS in a similar role, although UBS was unable to comment on the hire by the time […]

Nutland Destined for Calyon?

Market rumours are rife that Steve Nutland is destined to take the role of global head of spot FX trading at Calyon in London. The role has been vacant since the departure of Jon Simmonds earlier this year (see Squawkbox, April 4), although Andrew Kellner, global head of FX & commodities at Calyon, has been […]

JP Morgan Bolsters Trading

JP Morgan last week announced the hire of four traders as vice presidents for its global currency and commodities group in London, and one addition to the sales team. In London, Hien Huynh joins from Citigroup, responsible for correlation trading. Previously, Huynh was with Citigroup, where he held a similar role. Huynh reports directly into […]

Latest Greenwich FX Research Out

Greenwich Associates claims, in its latest report on e-FX trading volume, that if the consortium of banks supporting EBS holds together through its planned expansion into the wider market, namely EBS Prime, growth rates amongst the buy side will outpace the growth rate in electronic FX of the past two years. “For the past several […]

Deutsche Adds Structurers

Deutsche Bank has bolstered its Client Strategy and Solutions Group (CSS) with the hire of two foreign exchange structurers in London. Ray Franzi joined in June as a director, focusing on European corporates, ex-Germany. Most recently, he was global head of FX structuring at Dresdner Kleinwort Wasserstein. Chris Collings joined the bank in July, also […]

HBOS Hires Freundlich

HBOS confirms the appointment of David Freundlich as a senior FX salesperson, based in London. He reports to Dianne Cornes, head of corporate treasury sales. Previously, Freundlich was with the National Australia Bank in a similar role.

FX Turnover on the Rise

Although the general consensus of opinion at the time was that the previous set of data was the "blip", the 2004 Bank for International Settlements’ (BIS) survey of FX turnover was seen in many quarters as a high water mark for foreign exchange market turnover. Data released jointly by the New York FX Committee and […]

New Head of FX Options at Commerz

Commerzbank has announced the appointment of Nasir Afaf as head of FX options. He joins from Rabo Securities where he was the head of financial engineering in equity derivatives, prior to which he was head of currency options trading at ING Bank. Commerz says that Afaf, who will be based in Frankfurt, will further develop […]

JP Morgan Makes New Hires

JP Morgan is hiring Andrew Simon as managing director and head of global clients in its global currency and commodities group. Joining towards the end of August, London-based Simon will report directly into Jamie Bonic, European head of institutional sales. Simon was previously with Lehman Brothers where he was managing director and head of foreign […]

New Hires at BarCap

Market sources report that Barclays Capital, London, has made two new hires. Gavin Posthlewaite is reportedly going to join the bank in the FX forward/short term interest rate trading team. He was previously with Morgan Stanley in a similar role. Also joining is Farah Musa, coming from HSBC, London, where she was involved in the […]