Beecroft New Global Head at StanChart

Nick Beecroft, who was reported as leaving Deutsche Bank in last week’s Squawkbox, has joined Standard Chartered Bank as global head of foreign exchange trading, the bank confirms. Based in London, he will be responsible for FX spot, forward, NDFs and options trading. He reports to Jared Chase, group head of global sales and trading, […]
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Kaye Departs Rabo

Gary Kaye, formerly managing director and global head of foreign exchange at Rabobank Group in London, has left the bank, Rabo officials confirm. According to a spokesperson, no replacement has been named at this stage; however, David Vander, head of global treasury, London, is currently overseeing global FX.
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Cassidy Joins DPM

Derivative Portfolio Management, which offers back office services to fund managers, has appointed Diane Cassidy as managing director of client services. Her responsibilities include building the company’s client service team and ensuring the provision of support and service to its global client base, says Robert Aaron, chairman and CEO. Cassidy joins from ADP where she […]
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Saxo Secures Further Funding

Deutsche Bank has invested ?10 million in subordinated loan capital to Saxo Bank. The loan is intended to help continue Saxo’s international growth. Saxo offers its Internet trading system, SaxoTrader, to other financial institutions in white label agreements free of charge with guaranteed trade level agreements. “We are growing fast, and in order to ensure […]
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Tindall Joins Mako

Mako Group appoints Eileen Tindall as head of treasury, responsible for establishing and developing the treasury function to ensure the effective management of the company’s capital and funding. Additional responsibilities include managing stock borrowings, coordinating the global pooling of cash resources and minimising the group’s FX exposure. She joins from First Choice, a European travel […]
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GFI Introduces Fenics FX Online

GFI Group launched an online FX option pricing service, Fenics FX Online. According to GFI, the system is suited to corporates that wish to investigate the cost of currency hedging, as well as regional banks which may not need the full functionality of Fenics FX, but still need to price a full set of exotic […]
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Mackel Replaces Hayward at ABN?

Following the resignation of Rob Hayward, a currency strategist at ABN Amro’s London operation (see Squawkbox last week), sources say the bank has hired Paul Mackel from Dresdner Kleinwort Wasserstein (DKW) as a replacement, although this could not be confirmed. DKW confirms Mackel, a London-based FX strategist who reported to Jesper Dannesboe, has left the […]
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Danske Bolsters London Team

Danske Bank’s London sales team has been augmented with three new appointments. Alan O’Leary, formerly on the corporate sales desk at Allied Irish in London, joins the bank in a similar role, Danske officials confirm. Meanwhile, Mats Cardemo and Peter Mosbaek have moved internally to cover financial institutions, and financial engineering and corporate structuring, respectively. […]
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ABN Targets Hedge Funds

ABN Amro names Alistair Mullen as global head of hedge fund sales in London, as part of an effort to target alternative investors. He was previously global head of structured credit marketing at ABN, having joined the team in 2001 from UBS in Hong Kong. He has also worked for Barclays Capital hedge fund team […]
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Silber Exits Goldman

A spokesperson at Goldman Sachs confirms Dan Silber, managing director on the institutional FX sales desk in New York, has left the bank. His whereabouts could not be determined by press time. Silber is believed to have been number two on the desk, reporting to Audrey McNiff, head of the institutional sales desk in New […]
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