Dowd Moves to Buy Side

George Dowd, formerly a sales dealer at Bank of America’s (BofA) Global Foreign Exchange Division in New York, has joined Spectrum Asset Management, a Chicago-based commodity trading advisor. Dowd joined BofA from JP Morgan, where he spent five years as an institutional sales dealer, last summer (see Profit & Loss, June 2002), reporting to Gavin […]
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Saxo and Refco Launch Joint Platform

Denmark-based Saxo Bank and Refco announced a reciprocal distribution agreement and launched a new white label platform, Refco Market Access. The move follows Saxo’s recent link to E-Trade (see Profit & Loss, June 2003). Refco Market Access offers clients the ability to trade futures, FX spot, forward and options, cash equities and CFDs, as well […]
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Senior Appointments at JP Morgan

Following the announced retirements of vice chairmen Marc Shapiro and Thomas Ketchum, effective September 30, JP Morgan announced that Don Wilson will become chief risk officer reporting to William Harrison, chairman and CEO. Wilson is currently co-head of credit and rate markets. Co-head of the division, Bill Winters, will assume sole responsibility for the business. […]
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Badrichani Succeeds Desselberger at Deutsche

Deutsche Bank confirms that Marc Badrichani succeeds Matt Desselberger as head of the corporate structuring group in Europe. He reports to Marzio Keiling and Miles Millard, co-heads of corporate coverage in Europe. Badrichani joins from Credit Agricole Lazard Financial Products, a risk management boutique, where he was global head of sales. He has previously worked […]
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RBS Trading Migrates South

The Royal Bank of Scotland (RBS) confirms that its Edinburgh foreign exchange and money markets trading operation has been consolidated with its London counterpart, effective July 9. The move means that all FX and money markets trading for the UK is now carried out in London, although the bank still operates a growing sales team […]
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Brant Joins Fleet

Suzanne Brant joined Fleet Bank as a director of FX sales, the bank confirms. She reports to Angelo Evangelista, head of FX sales and advisory at the bank, a colleague of Brant’s in a previous role at Bank of America. She joins Fleet from Merrill Lynch in New York where she covered institutional FX sales. […]
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Duff Touches Down at Mako

Mako Group has hired Ryan Duff as a futures trader for futures and fixed income products, it confirms. London-based Duff reports to Steve Sibley, executive of Mako Futures. Duff previously traded Usd/Jpy at Yasuda Trust and CCF Bank, before leaving the market for a period to become a helicopter pilot. Mako Futures is part of […]
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Salva Swaps Lehman for Barclays

Barclays confirms that Daniel Salva has joined the bank from Lehman Brothers to focus on marketing to Spanish corporates, based in London. His reporting line has yet to be finalised. Salva joined Lehman towards the end of 2002 as an FX salesman for Spain and Portugal, reporting to Mark De Gennaro, London-based global head of […]
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Lubin Exits Lehman for Hyman Beck

Hyman Beck & Company, an international investment manager specialising in alternative investments, hired James Lubin as a principle. His new role gives him responsibility for product development, strategic planning, investment strategy and business development. Lubin joins Hyman Beck from Lehman Brothers, where he was a senior vice president in fixed income. Prior to joining Lehman […]
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FXall Crosses Marathon Milestone

FXall announced last week that it has achieved positive cash flow – two months ahead of target. June saw the platform’s total volume reach $223 billion, an average of $10.6 billion per day, and includes a day in which $16 billion was traded over the platform, the largest daily volume recorded to date. Previously, the […]
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