E-Systems Put Through Their Paces

September 30th saw the FX markets as busy as they have been in recent years, according to some, testing the resilience of a number of electronic systems and their ability to react to fast market conditions. The good news, for traders and electronic evangelists alike, is that the systems took the strain. Interbank matching service […]
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Wachovia Makes Promotions

Ben Williams is to become head of a newly formed debt markets group overseeing the fixed income and credit capital markets divisions at Wachovia Securities. He will report jointly to Steve Cummings and Barnes Hauptfuhrer, co-heads of the corporate and investment bank. As a result, Curtis Arledge, a managing director and current deputy head of […]
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ANZ Changes in Regional Home

Subhas DeGamia has become director foreign exchange and commodities, local markets – Asia, a spokesperson for ANZ Investment Bank confirms. Based in Singapore, he will report directly to Rick Sawers, managing director, FX and commodities, and John Winders, managing director Asia. DeGamia was previously head of FX institutional sales, Australia, and the spokesperson says that […]
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MFA Elects Cooper as Chairman

Adam Cooper, senior managing director and general counsel of Citadel Investment Group, has been elected chairman of the Managed Funds Association, succeeding Samuel Weiser, founder of Foxdale Management. Cooper was elected to the MFA’s board in September, having served as an appointed director since November 2000, and was promoted to chairman after a unanimous election. […]
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JPM TS Hires, Implements and Joins the Rush for China

JP Morgan Treasury Services (JPM TS) has been approved to offer Internet banking services to India and China. Like many of its competitors, the bank has a strategic focus on China, with more than a third of its employees in Asia based in Greater China. Linked to this, JPM TS has added Chinese language capabilities […]
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Swift Adds Tools

Swift announced the pilot customers for its new SwiftNet system for funds. The offering is intended to facilitate standardisation and automation in the Asia Pacific and European investment fund markets. Banca Intesa, Bank of Ireland Securities Services, Barclays Global Investors, BNP Paribas Securities Services, Citco Bank, SEB and UniCredito Italiano are intending to pilot the […]
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WSS Moves into China

Wall Street Systems has begun a push into Greater China through a distribution agreement with Peace Systems Integration (PSI), a Taiwanese technology provider and system integrator. As a result of the agreement, The Bank of Taiwan will use WSS technology to manage its cash flow and FX positions, as well as utilise fixed income and […]
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Biancardi to Lead Lehman’s Strategic Client Service

Lehman Brothers has appointed Raul Biancardi as head of strategic client services in Europe, a newly created role which reports into Riccardo Banchetti, head of fixed income sales and Conrad Santos, head of central funding. Biancardi was previously head of client services in Europe for the bank. Strategic client services, Lehman’s fixed income prime brokerage […]
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Busy Week for ABN Amro

ABN Amro has been extolling the virtues of white label alliances for small to medium sized banks, suggesting that efficiency gains of up to 50% have been achieved by FX banks who partner with ABN for its client facing tools, liquidity management and back office services. The bank cites three key benefits of white labelling: […]
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Fanucci Joins Barclays Compliance

Nic Fanucci has joined Barclays Capital as a director in global compliance, a role which gives him European responsibility for compliance issues relating to the firm’s commodities and emerging markets businesses. He joins from ABN Amro, where he was most recently responsible for compliance for the futures business. Based in London, he will report to […]
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