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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Tullett & Tokyo Names Perkins President in NY

Mark Perkins has been named president of Tullett & Tokyo North America. He succeeds Tim Boyle, who has taken full-time responsibility for Tullett’s wholly owned subsidiary, CastleNet – makers of TheBeast.com derivatives pricing and analytical service.
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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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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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The Euro: A Turbulent Six Months

By Paul Downs, Thomson Global Markets When the euro was launched at the start of this year amidst much self-congratulatory backslapping from politicians within the EU, it was heralded as the new reserve currency, rivalling the dollar. Well, it has to be said that its first six months of life have resulted in a far […]
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Caboto Bolsters Milan Options Desk

Caboto Holdings has hired Guy Williams to beef up its currency options desk at its headquarters in Milan. Williams joined the bank in late June from HSBC Midland in London. He reports directly to Francois Semerdjian, Caboto’s FX manager in Milan. Caboto is the investment banking arm of the Italian banking giant Intesa.
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FX Committee Sets its Sights On Y2K Barriers & Force Majeure

Following a tumultuous year in the currency markets, the Foreign Exchange Committee (FXC) is continuing its long-runningefforts to reduce settlement riskand provide information so as to improve the functioning of the FX markets. The FXC is an FX industry body that is sponsored by the Federal Reserve Bank of New York. Currently celebrating its 21st […]
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