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New sales dealers for Barclays?

James Fauset has left his position as a hedge fund sales dealer at Bear Stearns in London, an official confirmed last week. He had worked at the bank since September 2001, reporting to London-based European head of FX sales Gilles Bransbourg. Prior to that he was at Standard Chartered in London, where he worked in UK institutional FX sales.

Meanwhile, UK corporate sales dealer Andrew Burley has left his position at Standard Chartered. Both are expected to emerge at Barclays Capital in London, although a spokesperson for the bank did not confirm this last week.

Fimat hires e-FX head

Chris DeFilippo joined Fimat, the brokerage arm of French investment bank SG, in New York last week in a newly-created position as head of e-FX. He reports to New York-based head of FX Ryan Schiff.

DeFilippo left online FX electronic communications network Currency Order Execution System (COESfx) in New York, where he had worked on a consultancy basis since January this year, having initially joined as president and chief executive officer in April 2003. Prior to that he was head of FX e-commerce at Dresdner Kleinwort Wasserstein in New York.

Deutsche Bank hires institutional sales dealer

Alessandro Cummunale will rejoin Deutsche Bank in London on March 15 as a director in institutional FX sales, a spokesperson for the bank told FX Week. He will report to Drew Bradford, London-based head of FX trading and sales for European institutional clients.

Cummunale leaves Lehman Brothers in London where he was in Italian FX sales. He spent about four months there, after leaving his role as head of FX sales for southern Europe and the Middle East at Deutsche Bank in London last September.

HSBC seeks mid-market UK dealers

HSBC is looking to hire FX sales dealers across its seven regional centres in the UK to cover mid-market corporate clients, a spokesperson for the bank told FX Week.

The new hires will report to Gary Brant, London-based head of corporate and commercial treasury sales, and will be based in six locations: Birmingham, Bristol, Batley near Leeds, Southampton, Leicester and two separate groups in London.

This steps up competition for foreign exchange staff among UK banks following confirmation last month from Lloyds TSB that it too is seeking to fill regional UK sales positions (FX Week, February 9).

NAB sales head joins Commerz

Adam Gazzoli, National Australia Bank’s (NAB) former head of bank FX sales for Europe and Asia, joined Commerzbank in London last week on the three-strong bank FX sales team. He will focus on clients in Asia, reporting to Nick Law, head of FX sales in London, who is another recent recruit to the German bank.

Gazzoli had worked at NAB for 10 years in a variety of positions, including head of foreign exchange in Tokyo. He joined from Bankers Trust in Sydney in 1993.

RBS hires in e-FX

Stamos Fokianos will join the Royal Bank of Scotland in London on March 4 as head of product development in the financial markets team. Reporting to Martin Spurr, London-based global head of e-ventures, his responsibilities will include client integration and RBS FiX.

Fokianos leaves Citigroup in London, where he was a vice-president in FX e-commerce.

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