PaineWebber Staffs Up In N.Y., London In Scheme For Major FX Expansion
NON-BANKS
PaineWebber Financial Products Inc. is expanding its foreign exchange operation in both New York and London. After several senior appointments last fall, the group, a wholly-owned subsidiary of investment bankers PaineWebber Inc., has made a number of new hires, according to sources at the firm.
One well-informed source says PaineWebber's decision to expand in forex stemmed partly from customer demand. "About seven months ago, PaineWebber determined it would really like to develop its foreign
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