Changes at NAB

Peter Cunningham and Gary Dillon were recently appointed co-heads of the global FX business at National Australia Bank. The moves follow the departure of John Richards, global head of FX since 1997, who left the bank at the end of 2002 to pursue other opportunities. Both Cunningham and Dillon previously held senior positions within the […]
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AIG Changes Continue

Following the swathe of confirmed appointments made by AIG last month, sources have told Profit & Loss of a number of people joining and leaving the organisation, none of which could be confirmed by press time. Carl Nabar is said to have joined the bank, he follows the recent appointment of Paul Stubs, which joined […]
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ANZ Brings in Hardingham

ANZ Investment Bank has appointed Paul Hardingham to its European FX sales team as senior manager, UK institutional sales. Based in London, he will report to Sue Rasmussen, head of FX sales in Europe, and be responsible for managing FX sales with fund managers and the insurance group sector in the UK. Hardingham joins from […]
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Stacey Joins Morgan Stanley

Darren Stacey joins Morgan Stanley as a spot yen trader, the bank confirms. Based in London, he reports to Jens-Peter Stein, the bank’s head of FX trading for Europe. He joins from JP Morgan, also in London, where he fulfilled a similar role.
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Little Exits Bank of America

London-based principle and senior trader on the spot desk at Bank of America, Peter Little, has left, the bank confirms. According to sources, Little has left the market, although this could not be confirmed. He joined the bank last year from Credit Suisse First Boston where he was director for Eur/Usd trading. A spokesperson for […]
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Five Leave UFJ to Form Hedge Fund

Tim Yetman, Trevor Warne, Howard Jones, John Roberts and Gareth Edwards have all left United Financial Japan (UFJ) to form Olea Partners, a hedge fund that is currently being set up. UFJ declines to comment on whether it intends to replace the proprietary traders. Yetman joined Tokai Bank in mid-2000, the bank later merged with […]
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Lehman Hires in London and NY

Lehman Brothers hired Craig McCauley as a senior vice president on the emerging markets and currency sales team in London, which sits alongside the structured products group, the bank confirms. McCauley joins Lehman from BT Funds Management, where he worked in both Sydney and New York. He reports to Mark De Gennaro, London-based global head […]
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JPM’s Gross Joins BNP

Drew Gross last week joined BNP Paribas in New York as managing director, head of North American corporate and FX sales, and e-commerce, confirms a bank spokesperson. He reports to Nigel Babbage, head of FX, North America. Gross was most recently with JP Morgan, splitting his time between London and New York as global head […]
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Hollis Leaves GNI

Martin Hollis has retired from GNI’s London operation, where he was a director and FX manager, the group confirms. His departure follows the company’s acquisition by Mann Investments in October 2002.
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Lascala Joins Deutsche

Deutsche Bank confirms that Russell Lascala joins its New York operation as head of spot FX. He reports jointly to Perry Parker, head of FX, North American trading, and Ian O’Flaherty, global head of spot FX, who are based in New York and London, respectively. Lascala replaces Andre Katz, who will shortly be returning to […]
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