Month: December 2005

Citi’s Whittaker Heading to RBS?

Market rumours are rife that Guy Whittaker has left Citigroup and is destined for the Royal Bank of Scotland (RBS), London. However, neither bank was able to comment by press time. Sources say he is set to take over from Fred Watt as the new finance director at RBS. Watt will step down when RBS […]

ACI Endorses Australia’s Holiday Guidelines

In a letter to members, the Committee for Professionalism (CFP) of ACI – The Financial Markets Association, endorsed the announcement made by ACI Australia regarding the generally accepted opening of the financial markets during the year-end of 2005 through the start of 2006. Please refer to ACI’s International Public/Bank Holidays and Non-Settlement Calendar for a […]

Austin Retires from HSBC Bloom Named Successor

Mark Austin will retire from HSBC, London, at the end of the first quarter of 2006, a spokesperson confirms. After being with the bank for more than 16 years, most recently as global head of currency strategy, Austin will leave to "pursue a life of leisure". He reported to Steven King, global head of economics […]

JP Morgan Appoints Stanton

JP Morgan Worldwide Securities Services, New York, has hired William Stanton from the Bank of New York as head of an expanded sales team for investment managers in the Western Hemisphere. He will run the team responsible for selling a full range of fund services and related products such as fund accounting, fund administration and […]

RBS Hires McGeehan for NA Sales Role

The Royal Bank of Scotland Greenwich Capital (RBSGC) hired Jimmy McGeehan as senior vice president for North American institutional FX sales, reporting to Craig Donaldson, head of North American institutional FX sales. McGeehan has gained over 10 years of experience in similar roles, most recently at HSBC. Before that he was at UBS for four […]

EBS Reports Gold Strength; Laureus Launch

EBS announced a significant volume threshold for gold trading on Monday, December 12, with transactions worth a total of $671.6 million over the platform. The amount traded, 1,417,000 ounces, was the second highest since EBS started precious metals trading in July 2000. The record day in terms of weight was November 26, 2004, when 1,429,000 […]

BGC goes Live with eSpeed

Inter-dealer brokerage BGC will launch its first integrated voice and electronic US dollar repo trading platform for the primary dealer community in the New Year. The platform will be powered by eSpeed, developer of electronic marketplaces and trading technology. During the initial rollout phase, primary dealers will be able to execute and process overnight and […]

FXC Warns on Reputation Risk in Retail FX

The New York-based Foreign Exchange Committee (FXC), which operates under the auspices of the Federal Reserve Bank of New York, has issued a letter to market participants which encourages them to review their legal and contractual relationships with clients, intermediaries, vendors, and other entities that could be considered counterparties. It focuses on the recent developments […]

Quaesta Capital Launches FX-MMP

Quaesta Capital of Switzerland launched its FX multi manager program (FX-MMP). This Cayman-based offshore fund of funds is a single asset class, multi manager alpha program. The fund has substantial seed capital from a Swiss-based family office and has already attracted additional investors. The program selects and invests into single currency hedge funds and CTAs […]