Month: June 2008

Lehman Man Returns to Lead Capital Markets…

Little more than a year after he resigned from the bank after reported disagreements with senior management over how to drive the bank’s fixed income business forward, Michael Gelband has rejoined Lehman Brothers as global head of capital markets. Gelband was global head of fixed income, which includes interest rate products, foreign exchange and securitised […]

…As Lehman Appoints Currency Strategist

In other news Lehman Brothers has moved to build its Asian research capabilities with the appointment of Simon Flint as head of FX strategy, Asia ex-Japan. In a newly-created role, Flint will lead the expansion of the firm’s Asian foreign exchange strategy, enhancing research coverage for clients in Asian currencies, the bank says. Flint will […]

NabCapital Strengthens UK FX Team

NabCapital, the institutional banking and capital markets division of National Australia Bank, has appointed three new members to its foreign exchange team in London which focuses on European domiciled business. Craig Davies and Ben Clarkin join the FX institutional sales team and Nick McHale joins the FX spot trading team. Davies joins NabCapital as associate […]

Citi Adds to FX Options Team

Citi has strengthened its FX options business with the hire of Martyn Harrison, who joins the EUR options trading team as a director based in London. He reports to Nigel Khakoo, head of G10 foreign exchange options.  Harrison has spent the last eight years at The Royal Bank of Scotland, most recently running the EUR […]

CME Sweetens Nymex Offer

In much the same way CME sweet-talked Chicago Board of Trade shareholders into a merger last year, CME Group is attempting to do the same with bitter Nymex stakeholders.   CME announced a swathe of new initiatives including a share buyback program of class ‘A’ common stock of up to $1.1 billion. Also, a special […]

FX Solutions Offers EBS Prices to Retail Customers

Retail platform provider FX Solutions is now able to offer price data from Icap’s EBS foreign exchange platform; at the same time EBS will be selling FXS products and adding a new client base. FXS was acquired by spread-betting shop City Index, owned by IPGL which is also a 20% owner of inter-dealer broker Icap, […]

Woori Launches Hedge Fund to Focus on FX

Korea’s Woori Investment & Securities is launching a global macro hedge fund in Singapore that will seek foreign exchange opportunities. The Woori Absolute Global Opportunity Fund will be seeded with $35 million for investment in relative value and absolute return strategies in global currencies, fixed income and commodities. Mr Kuen-Cheol Song, one of three managing […]

Saxo Bank Appoints IT and Market Data Heads

Saxo Bank has appointed Paul Ronan as head of enterprise architecture and Claus Thorball as head of global market data. Both report to Tobias Straessle, chief operating officer and head of IT and operations. Ronan will also chair a committee of IT and business representatives of the bank to ensure a strategic alignment between the […]

Logicscope Adds a Schilling

Logicscope, a post-trade technology vendor, has appointed Roland Schilling as business development executive, reporting to John Barber, the newly appointed chief executive. Schilling previously spent 15 years as a foreign exchange spot trader for a number of banks in the UK and Europe, including Bank of New York, Credit Suisse, American Express and LTT Bank […]

Exchanges Apply to Offer FX Futures in India

Currency futures in India are closer to launch following revelations that the National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX) have formally applied for regulatory authority to offer the product. The Securities and Exchange Board of India (SEBI) in its latest board meeting noted that the two exchanges had applied for approval but […]

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