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Kwong Joins Lehmans

Muse Kwong has joined Lehman Brothers in Hong Kong as a vice president in interest rate derivatives, the bank has confirmed. He joins from Merrill Lynch, Hong Kong. Further details were unavailable by press time.
Tao Huang joins FX Concepts, a New York-based currency manager, as vice president of research. She joins from Citigroup FX where she was vice president and quantitative strategist, responsible for developing currency overlay trading models. She specialises in non-linear optimisation ...

in News, Around the World

Drury Capital Grows

Peter Chakany joins Drury Capital as a trader, assisting senior trader Rafael Juan. Based in Princeton, New Jersey, he will be trading FX and commodities as well as assisting with the day to day operations of the fund. He joins ...
Bank One completes its current run of options hires, bringing in David Pennell and Stuart Piller to its London operation to trade the euro and the yen global options books respectively. Both men join as directors and senior FX options ...
Barclays Capital appoints Stephanie Levinson as director in foreign exchange sales, a role which makes her responsible for covering institutional clients. She reports to Eric Price, head of foreign exchange distribution, both are based in New York. She last worked ...
Bob DeGroot is promoted to the head of spot trading at Citigroup's New York operation, the bank confirms. Formerly chief dealer in Tokyo, he reports to James Kemp, the bank's global head of spot trading and regional head for North ...
FX Connect, the FX element of State Street Corporation's Global Link network, has broken the $20 billion mark in daily trading volume. According to a source close to the bank, the figure represents something of a high watermark, but is evidence ...

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AIG Changes Continue

Following the swathe of confirmed appointments made by AIG last month, sources have told Profit & Loss of a number of people joining and leaving the organisation, none of which could be confirmed by press time. Carl Nabar is said to ...
Paul Bell joins Martin Brokers in London as a broker on the forward cable desk, the company confirms. He joins from Tullett & Tokyo Liberty in London where he was head of the forward cable desk. At Martins, Bell will report ...
Clifford Bayne has joined ABN Amro's Financial Markets business as an exotic options specialist in Singapore, the bank has confirmed. He will work in Singapore with Terence Yiu, head of regional currency options, and reports to Douglas Bongartz-Renaud, Amsterdam-based head ...