Halifax Hires WestLB’s Coupland

WestLB’s London-based FX trading manager, Nigel Coupland, is joining Halifax next month. Coupland, who spent the past three years with WestLB, will be responsible for developing a customer focused FX business, says an official. He will report to Roger Woodbridge, head of FX and derivatives.
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Commerzbank’s Grew Exits the Markets

Daniel Grew, head of FX sales for Commerzbank in London, has retired from the markets. Grew, who spent the bulk of his career with JP Morgan, joined Commerz in mid-1996.
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Finigan Named New Chairman of CLS

Deutsche Bank’sJohn Finigan, previously a managing director at Bankers Trust in New York, has been named as the new chairman of CLS Services, the consortium of G20 banks that is developing an FX netting system. Finigan, who recently served as chairman of the New York Fed’s FX Committee, was named as Deutsche’s global head of […]
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State Street Hires Commerz’s Newnham

Stewart Newnham has joined State Street Bank’s currency research division in London as number two to Avinash Persaud, the bank’s global head of research. Newnham is responsible for looking at the markets from a fundamental perspective and is helping to build micro foundations for determining market flows. Newnham was previously head of currency research at […]
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CAI Promotes Eedle to Treasurer; Starts Prime Brokerage Business

Simon Eedle, Credit Agricole Indosuez’s FX manager in London, has been named treasurer for the bank. He succeeds Christoph Lanne, who has transferred to the head office in Paris as head of budget strategy and planning. In other moves, the bank has made a couple additions to the London sales team. Roger Allen, formerly Bankers […]
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Bear Stearns Hires BMo’s Jones in London

Neil Jones has joined Bear Stearns in London as a senior trader covering Canadian dollar products. Jones was previously with Bank of Montreal in Toronto, where he set up a 24-hour trading desk.
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Barclays Capital Appoints Global Head of FX Options

Barclays Capital has hired Areski Iberrakene from Bankers Trust as director and global head of FX options, and a member of the FX management team. Iberrakene, who joins the bank at the beginning of August, reports to Paul Thrush, global head of FX. Iberrakene will oversee the global business, which consists of vanilla and exotic […]
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Korea’s Recovery: Too good to be true?

By Kevin Daly, Standard & Poor’s MMS There seems to be no shortage of good news out of South Korea these days. Recent economic data confirms the only V-shaped recovery among the ravaged Asian economies, with 1999 GDP expected to rise well above 6%, after a 5.8% contraction in 1998 and 5% growth in 1997. […]
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CSFB’s Chiddicks Exits the Market

Credit Suisse First Boston’sSteve Yanez is moving to London this month to take up the regional management role as head of money markets and FX forwards. This position was recently vacated by Trevor Chiddicks, who has left the market. Yanez, who was located in New York, maintains his role as global manager for trading, money […]
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Strong and Getting Stronger The Medium-Term Outlook For the Yen

By Michael Burke, B&M Research Japanese policy is now completely geared towards reflation via ultra-low interest rates and a stimulative fiscal policy. This reflation is working as can be seen in the rise of the Japanese stock market and the steepening of the JGB yield curve. In time, this reflationary policy will induce a self-sustaining […]
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