US banks in management shake-up
Joel Holmes, chief foreign exchange dealer at Lehman Brothers in New York, resigned on Monday (January 7) after three years at the bank. Holmes joined the US investment bank in May 2004 from Deutsche Bank, where he spent a year as a senior dollar/yen trader based in New York (FX Week, April 4, 2004). Before that, he was at Merrill Lynch, where he also traded yen (FX Week, May 26, 2003). It is likely Holmes agreed a bonus payout before resigning, although his future plans are unknown.
Meanwhile
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Citadel Securities’ head of electronic FX departs
Kevin Kimmel’s departure comes just two weeks after the resignation of sales director Brian Seegers
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IMC appoints head of FX trading
Ex-UBS exotics head Ramon Puyane to join Dutch market-maker
Citi’s head of FX electronic platforms departs
Ala’a Saeed, who oversaw its single-dealer platform, leaves US bank
Deutsche adds three to FX sales team
German bank recruits institutional sales head in New York, along with hires in London and Paris
Nomura hires Leng for dual global FX trading roles
Hire comes as Nomura looks to significantly bolster its FX and macro trading division globally
Capitalab co-founder quits firm
David Bachelier leaves BGC-owned compression venture after seven years
Citi names Stuart Staley FX co-head
US bank’s Asia-Pacific markets head moves to London to work alongside Itay Tuchman
