Chase Loses Two Top Guns To Manny Hanny Reloads By Restructuring FX Desk In New York

BANKS

Chase Manhattan's foreign exchange desk suffered a severe blow last week after Manufacturers Hanover Trust scored what many traders are calling "a major coup" by landing Chase's chief spot trader in New York, Anthony Scamardella and senior Swiss franc dealer, Kenneth Mahaffey.

The two resigned from the bank June 27 and are set to head up Manny Hanny's foreign exchange spot trading operation this month.

"Anytime you lose senior dealers, you have to wonder if you can continue to provide the same

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