Day: 21 May 2007

StanChart Makes Senior Appointment

Standard Chartered Bank has appointed Leonard Feder as group head of financial markets for its Wholesale Banking business. He will take up the position, which is newly created and intended to provide strategic oversight around the bank’s financial markets products and services, in the early summer subject to regulatory approval.   StanChart says Feder will […]

Change at the Top of Merrill’s Global Markets

Merrill Lynch is planning a shake up of its global markets group following news that Dow Kim, executive vice president and co-president of the company’s global markets and investment banking group, is to leave the bank by the end of the year to establish a multi-strategy, private investment firm.   Merril moved quickly to re-structure […]

ANZ Adds in Institutional Sales

ANZ confirms that it continues to build its global institutional FX sales team with the hire in London of Andy Roper, who has joined as senior manager. Roper joins from a similar role at State Street in London and reports to Richard Knight, European head of FX institutional sales.

Citi Lures Smith

Hot on the heels of unveiling its new FX management structure (see Squawkbox, May 14), Citi has confirmed that Chris Smith is joining its UK investor sales team, with a specific focus on real money clients.   Smith will join from Credit Suisse in London where he worked as vice president, institutional sales in London, […]

RBS Adds in Corporate Risk

RBS has unveiled a new senior appointment in its global banking & markets division, with Gary Cottle joining as head of corporate risk solutions for the UK and Europe.   Cottle is taking on responsibility for the marketing and origination of all risk hedging products for corporates and local authorities in the UK and Europe. […]

CSAM Appoints to Currency Overlay

The appointment of a new managing director to oversee FX overlay at Credit Suisse’s asset management business was unveiled last week.   Kieron Nutbrown, who will report to Paul Griffiths head of fixed income, joins from Black River Asset Management where his duty as managing director saw him overseeing the Black River Global Macro fund […]

Dresdner Kleinwort Hires More FX Staff

Dresdner Kleinwort has hired more foreign exchange staff in its bid to beef up worldwide, this time for its Singapore office.   Monica Conti joins as a director focusing on central banks sales for fixed income and FX. Conti was previously at Merrill Lynch in London. She will report locally in Singapore to Walter Fuchs, […]

BNP Hires for Fixed Income

BNP Paribas has hired four professionals for its fixed income structuring team in London, working on its interest rates and FX structured products platform in London. The hires follow the addition of two structurers in New York earlier this month (Squawkbox, May 7).   As part of the bank’s growth plan for fixed income, the […]

Reuters and Thomson Come to Terms

Pundits who predicted that Reuters Founders Share would throw a spanner into Reuters’ potential merger with Thomson Corporation were proved wrong last week; and the merger looks set to go ahead.   The Founders Share Company is a group of independent trustees which holds the “golden share”, sometimes called the poison pill, in Reuters. It […]

China Investment Firm Makes First Allocation?

Reports in China suggest that the country’s fledgling investment company (see Squawkbox March 5 and 19) has started to allocate funds. The China Business Daily reports that the firm has placed $3 billion of the country’s huge foreign exchange reserves with US-based Blackstone Group.   The report cites sources as saying the new agency, which […]