FX Markets

BZW Hires Eight-Strong FX Team To Bolster Singapore Operations

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BZW is continuing the FX restructuring started earlier this year in New York and London by hiring an eight-strong team in Singapore, recruited from around the region and by making changes in New York (FXW, March 11 & February 5).

In New York, BZW has added to its team headed, since February, by managing director and head of New York foreign exchange Andy Robertson, who joined from Goldman Sachs. In addition to the previously reported transfer of Keith Dack as head of foreign exchange trading, New York, Andreas Putz was hired as managing director of the short-term interest rate group.

Putz, aged 35, joins from Deutsche Bank where he was recently named head of FX in Singapore. He had been with Deutsche since 1980 and from 1992 to last year headed the bank's short term interest rate group.

BZW also confirms the arrival of Thomas Gregory as director of short term swaps and FRAs in New York. He was a senior trader at Deutsche in New York and responsible for establishing the forward trading operation there in 1992.

"These important new hires in New York underscore our commitment to expanding the firm's foreign exchange business, which is an important part of our global franchise," says Alex von Ungern-Sternberg, deputy chief executive of BZW's markets division in London.

In Singapore, Lee Mon Sun, formerly with Union Bank of Switzerland in Tokyo is now the head of FX for the Asia-Pacific reporting to von Ungern-Sternberg in London. Lee's responsibilities will cover the group's five foreign exchange trading operations in the Asia-Pacific: Tokyo, Hong Kong, Bombay, Sydney and Singapore. Robert Mainprize, the current regional head, will return to London next month to take up a new management position in BZW's markets division.

The new team in Asia includes Loong Soo Yong, previously a vice president at Chase Manhattan Bank, as head of foreign exchange sales in Singapore. Kenneth Goa Kia Ling, formerly a vice president with Bankers Trust, joins as chief spot dealer. Gilbert Ee joins from Citibank, where he had been a vice president for the past three years, as head of emerging markets currencies. Other traders hired include Amarjeet Singh from Chase, Andrew Colom from UBS Tokyo, Timothy Chan, previously with Tim IMM Ltd and Pan Ning from the Northern Finance Group in Beijing.

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