Month: May 2008

Deutsche Makes More FX Hires

Deutsche Bank has made some new hires in its New York foreign exchange sales and trading division. Jeff Wischhover joins as a director in FX sales in New York. Wischover left Bank of America in March where he was a principal and team leader in North American hedge fund sales (Squawkbox, March 17, 2008). He […]

Wells Fargo Hires Gotelli

Wells Fargo & Co. has hired Bob Gotelli as head of global sales for corporate foreign exchange, based in San Francisco. Gotelli spent the past 18 years with Bank of America, most recently serving as global head of foreign exchange sales. "Bob will provide strong leadership for our teams as they help our customers navigate […]

ANZ to Boost Hong Kong and Singapore Dealing Rooms

Australia and New Zealand Banking Group (ANZ) is making moves to boost its presence in Asia by expanding the number of dealing room staff in the region. An ANZ spokesperson tells Squawkbox that the bank plans "to have a significant dealing room presence in Hong Kong and Singapore, to service our growing customer base, and […]

Insch Launches Macro Fund

Swiss-based Insch Capital Management has launched a new BVI-based hedge fund named Insch Insight. The fund is designed to offer a number of "protected cell" share classes that enable skilled, independent managers to offer their own stand-alone funds within a multi-class structure. The first manager is Charteris Treasury Portfolio Managers, the sole advisor of the […]

Newedge Hires Fixed Income Team in Hong Kong

Newedge has hired a five-strong fixed income futures team in Hong Kong. The team is headed by Lewis Ng, senior sales manager of exchange traded fixed income, who was previously director – desk manager for UBS AG Equity-ETD-Futures in Hong Kong. Two of his colleagues at UBS – Kam Chiu Man and Nelson Ho – […]

GFI Seeks Court Order Over Tradition Hires

GFI Group, the largest inter-dealer broker of credit derivatives, has sought a court order to block some former employees from working for Cie. Financiere Tradition, according to Bloomberg. New York State Supreme Court Justice Richard Lowe didn't rule immediately on GFI's request for a preliminary injunction to block its former employees for working for its […]

Integral Launches White Label Retail FX Platform

Integral Development has officially launched FX Power Trader, a white label retail margin trading system that includes strategies, advanced order types, charting, and market news. Barclays Wealth was the first to market, earlier this month, with a service for its private clients that leverages FX Power Trader technology (see Profit & Loss, April issue). FX […]

State Street Streamlines Online SSIs

State Street says it has developed an industry standard for online settlement instructions to reduce operational risk and create cost efficiencies within the foreign exchange trading industry. State Street Global Markets, the investment research and trading arm of State Street Corp., has acquired SSISearch, a specialised service provider for international payment processing and settlement instructions. […]

CME and CBOT Floors Joined

In what CME calls the ‘last major milestone’ of its merger with the Chicago Board of Trade, the two trading floors have been successfully joined. The migration to the floor in the historic CBOT building will potentially give the firm $150 million in cost synergies. The trading floor migration combines all foreign exchange, interest rate, […]

Australian Investors Increase Searches for Currency Managers

Investment manager searches involving currency mandates surged in Australia in 2007, according to Mercer’s Manager Search Trends: 2007 Year-End Report. Mercer’s report notes that after several years of minimal activity there were multiple searches by Australian institutional investors for currency managers last year because of recent fluctuations in the value of the Australian dollar. Australia […]

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