Citi Shuffles the Pack

A spokesperson at Citigroup confirms two internal moves. James Kalas, formerly head of FX sales for UK corporates in London, has moved to Sydney to become managing director and head of FX sales for Australia and New Zealand. Deeptesh Maitra, known as Bapi in the markets, has moved to Chicago to become head of FX […]
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RBS Builds FX and Structured Credit

The Royal Bank of Scotland has made a swathe of hires across its foreign exchange and capital markets sales teams. Stuart Scott and Zara Allsworth have joined RBS’s London FX business. Both report to David White, London-based global head of spot FX. Scott joins the bank as a yen trader from HSBC where he spent […]
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Amex Hires

Nick Probert has joined American Express as a director in trading, primarily covering sterling and yen, the bank confirms. He reports to Mark Shepherd, senior director, head of FX products. Both roles are based in London. He joins from Abaxbank in Milan, where he spent three years trading spot.
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Two London Hires for Merrill

Merrill Lynch has hired Mark August as a director, global debt, FX sales, in London, the bank confirms. He reports to Patrick Baune, managing director of FX sales. August was formerly at Barclays Capital. Separately, Merrill also confirms that Robert Gardner has joined in London as a vice president, debt markets, which is part of […]
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ABN Brings in Strategist

Peter Frank, formerly of Deutsche Bank’s Toronto operation, has moved to ABN Amro in Chicago as an FX strategist, a spokesperson confirms. He reports to Chicago-based Greg Anderson, senior FX strategist in the US, and ultimately to Tony Norfield, London-based global head of FX strategy. Anderson joined ABN Amro from Fleet Boston last summer, having […]
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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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