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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Clark Joins Schroders

Schroder Investment Management North America has appointed Jim Foster as head of marketing and client service, reporting to Peter Clark, chief executive for North America. Both are based in New York. Foster joins from Mellon Institutional Asset Management, where he was a senior vice president, managing the firm’s institutional sales effort and the sale and […]
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Wachovia Boosts Sales Team

Wachovia Bank’s cross-product Treasury Services Division has hired Chul Han, Karen Park and Allison Boyd Garritt as international treasury sales officers. They report to Mike Davis, senior vice president and international treasury sales manager. Han and Park are based in Charlotte, North Carolina, while Garritt is based in Summit, New Jersey. In their new roles, […]
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Prebon Joins Swapstream

Prebon Marshall Yamane has become the second broker to confirm that it is offering pricing and liquidity to Swapstream, the swap and OTC derivatives trading platform. Swapstream, which is currently in its final testing phase, will also become the electronic element of Prebon’s hybrid broking offering for swaps. The platform offers electronic price discovery, price […]
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Usher Joins BofA

Richard Usher joins Banc of America Securities’ London-based Global Foreign Exchange Group (GFX). He will be responsible for spot trading Chf within the GFX group, and report to Andrew White, senior FX trader. Usher joins from HBOS, where he spent two years as a senior trader and head of non-sterling currencies, responsible for raising the […]
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Brant Joins Fleet

Suzanne Brant joined Fleet Bank as a director of FX sales, the bank confirms. She reports to Angelo Evangelista, head of FX sales and advisory at the bank, a colleague of Brant’s in a previous role at Bank of America. She joins Fleet from Merrill Lynch in New York where she covered institutional FX sales. […]
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