Shawmut Dismisses Its Forex Traders As Merger Begins With Fleet Financial
BANKS
Following the recent merger announcement by Fleet Financial and Shawmut Bank, sources say all of Shawmut's FX traders and all but a few of its corporate sales team have been dismissed.
Among those no longer at Shawmut in Boston are John Nalesnik, senior vice president and manager of international treasury; forward desk head Gillie Augeri (who had been with Shawmut since 1977); spot desk chief Terry Price; and Barbara Albert, the FX marketing manager. Sources say as many as seven were let go
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