$20bn Daily Volume at FX Connect

FX Connect, the FX element of State Street Corporation’s Global Link network, has broken the $20 billion mark in daily trading volume. According to a source close to the bank, the figure represents something of a high watermark, but is evidence of an ongoing growth in daily volume. “Naturally we are delighted to surpass this […]
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Bell Moves to Martin Brokers

Paul Bell joins Martin Brokers in London as a broker on the forward cable desk, the company confirms. He joins from Tullett & Tokyo Liberty in London where he was head of the forward cable desk. At Martins, Bell will report to Cliff King, director and head of desk.
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Bayne Joins ABN’s Eastern Options Team

Clifford Bayne has joined ABN Amro’s Financial Markets business as an exotic options specialist in Singapore, the bank has confirmed. He will work in Singapore with Terence Yiu, head of regional currency options, and reports to Douglas Bongartz-Renaud, Amsterdam-based head of regional currency options. He joins from Standard Chartered Bank (title TBC), and has a […]
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Royal Bank of Canada Grows

Royal Bank of Canada makes two hires in London and one in New York, the bank confirms. Angelo Orsi has joined the organisation from Bank of America as a senior dealer for cable and aussie in London, and is joined by Chris Toort, also a senior dealer, on yen. Both men report to Mark Allen […]
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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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