CSFB Names Puffenberger & Elvidge to Oversee Global FX

Credit Suisse First Boston (CSFB) has appointed co-heads of global FX, Craig Puffenberger and Rusty Elvidge, to oversee the product line as part of a wider reorganisation of the bank’s business lines. The promotions follow the appointment of former global FX manager Philip Vasan as head of the bank’s new e-commerce initiative, CSFBNext. In April, […]
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RBS Names Senior Managers In RBS/NatWest Merger

Royal Bank of Scotland (RBS) has announced a number of senior level appointments in the merger with NatWest. The appointments were made by Brian Crowe, who was previously named group treasurer and managing director, Financial Markets, for the RBS Treasury and Capital Markets group, Greenwich NatWest in London and NatWest Global Financial Markets. Stephan Harris, […]
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Iceland Emerges as the Newest Nordic Player

Following four years of sustained economic growth and a consequent increase in trading, Iceland has succeeded in boosting its profile on the international scene, recently becoming the 60th country voted in as a member of ACI – The Financial Markets Association. ACI Iceland president Ólafur Ásgeirsson, who is also general manager of treasury at Islandsbanki, […]
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Q & A With FX Concepts Inc.

Company Name: FX Concepts, Inc. Address: New York City Contact Name: Philip Simotas – Senior Vice President Phone Number: 212-554-6832 Fax Number: 212-554-6905 E-Mail: psimotas@fx-concepts.com Product Name: Developed Markets Currency Program (DMC) Emerging Markets Currency Investment Program (EMC) Product Assets: DMC = $781 Million (a/o 5/1/00) EMC = $7.14 Million (a/o 5/1/00) Total Assets Under […]
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What’s Gone Wrong With the Yield Gap?

  By Michael Burke, B&M Research Few investors in the FX market now believe that short-term interest rate differentials determine exchange rate levels. Over time, and especially since the mid-1990s, it has become far more commonplace to focus on long-term interest rate differentials. The material reason underlying this change of view has been the growth […]
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Wireless Communication: Opportunities and Limitations

Mobile WEB Banking – the natural addition to call centres and the Internet By Peter Watts, Chief Executive, Tantus, a Heyde Company Customers are becoming more and more demanding.  They demand freedom of choice on the channel they use to communicate with financial institutions.  They want services personalised for their use.  Multi-dialogue banking, the synergy […]
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Wanted: The Back Office of the Future – Dead or Alive

By Ron Johnson The second in a series of discussions on today’s market drivers sponsored by inStream and Gemstone Further to my article last month ‘Looking Forward – the option of exchange control: is CLS the outright winner?’ I asked the question, ‘When will CLS go live?’ and stated that pressure was mounting on IBM, […]
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Russian Eurobonds: Time to Buy or Fly?

By Kevin Daly, Standard & Poor’s MMS<?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /> The rule of thumb these days on The Federation of Russia US dollar eurobonds is that in a bull market, they tend to outperform relative to the benchmark Latin American and Asian bonds. Conversely, they also underperform in a bear market. […]
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Bank of America Hires Brown To Head Global Proprietary Unit

Bank of America is setting up a new FX proprietary trading unit under Mark Brown, who joined the group on 20 March from HSBC, confirms Richard Breslow, global head of FX trading in New York. The bank currently has about seven proprietary traders between its New York, London and Hong Kong offices, but Breslow explains […]
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UBS Warburg Launches “Currency Certificates”

UBS Warburg has launched a new FX product, UBS Currency Certificates, that are designed to help private investors hedge their portfolios against currency fluctuations, or for those looking to speculate on market movements. Execution can take place electronically via UBS Telebanking and UBS Tradepac, or by telephone and traditional dealing systems. “We have launched this […]
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