Sources report that John Atchue has been named head of US hedge fund FX sales at State Street in Boston, reporting to Lisa Franks, head of US FX sales, who is also based in Boston. The bank declines to comment on the appointment which was first reported in Squawkbox on August 2.
Atchue was most recently head of the FX corporate sales desk at Commerzbank in New York. Prior to this, he spent 17 years with the former Chemical Bank, ultimately as managing director. He left the bank after it merged with Chase Manhattan in 1996.