Korhammer Departs Lava

Co-founder and CEO of Citigroup subsidiary Lava Trading, Richard Korhammer, left the firm on Friday (September 15), a spokesperson confirms. Market sources suggest the departure has been on the cards because Korhammer’s original agreement with Citigroup, signed when the bank bought Lava in 2004, expired last month. Korhammer is expected to pursue personal interests, however […]
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Bear Expands Metals Team

Bear Stearns has hired seven to its precious metals group which sits within foreign exchange at the bank. The metals group was formed in January (Squawkbox, January 9) under the leadership of Robert Gottlieb, who was appointed managing director of the group reporting to David Schoenthal, senior managing director and head of foreign exchange and […]
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FX MarketSpace Adds Four

FX MarketSpace, the joint venture between CME and Reuters seeking to provide the FX market’s first global cash-based exchange, has appointed four senior executives to its team. Jane Forster joins as global head of legal and compliance in London from rival organisation EBS, where she was head of legal for the last six years, responsible […]
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Pallium IM Appoints CIO

Pallium Investment Management (PIM), the company established by BMO Financial Group and industry veterans Flavio Bartmann and Conrad Voldstad, has hired Max Roberts as its chief investment officer. PIM is a partnership between BMO and Bartmann and Voldstad created to provide an alternative for institutional investors who want to participate in the credit markets without […]
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Barclays Adds FX Strategist

Barclays Capital has appointed Dan Waldman as an associate director and senior foreign exchange economist. Based in New York, he will report to David Woo, director and head of global foreign exchange strategy. “We are pleased to have Dan join our foreign exchange strategy team. He will be responsible for medium-to long-term forecasts and focus […]
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