Trading places

Brant, who reports to Eric Price, head of foreign exchange distribution in New York, was previously at FleetBoston Financial in Boston, where she covered sales to asset managers and insurance companies.

State Street has hired Robert Sisti in Boston as global head of operations for State Street Global Markets, the investment research and trading arm of State Street.

Sisti is responsible for the operational infrastructure supporting FX, equity, fixed income and money market trading. He reports to Stanley Shelton, Boston-based head of State Street Global Markets.

Sisti previously worked at S3 Asset Management, a hedge fund services aggregator in New York.

Commerzbank has appointed Hui-Sun Kim as global head of interest rate trading in London after its latest management restructure.

Kim was previously head of interest rate options trading, reporting to Ali Satrap, whose role changed from head of interest rates and foreign exchange to head of global markets in March.

Nozar Hussein in London is Kim’s counterpart for FX trading. He also reports to Satrap.

He had joined HSBC with Republic National Bank of New York, which HSBC bought in December 1999, and where Gomes also managed North American FX. He became head of e-commerce in March 2001.

Waddington, who joins from HSBC, will focus on Asian currencies and support the international and domestic sales teams with real-time trading information and strategies, a bank spokesperson said.

Waddington’s hire follows the departures of Allan Bedwick, prop and rates trading head, and Harry Mackenzie, a senior trader, from RBS in Tokyo, who left for Merrill Lynch.

Merrill Lynch has hired Fred Lim for its newly created FX prop trading desk in Tokyo. Lim joins the desk, which the bank has dubbed the principal strategies group, from Lehman Brothers in Tokyo, where he was Asian relative-value strategist.

Lim reports to Allan Bedwick, managing director of the desk, and its director Harry Mackenzie. Both Bedwick and Mackenzie recently joined Merrill from Royal Bank of Scotland in Tokyo (FX Week, April 19).