Daiwa Securities' Forex Team Joins Bear Sterns In New York


The forex group at Daiwa Securities in New York joined Bear Sterns last month, confirms Bear's senior managing director David Schoenthal. The team's manager, Ross Taylor, joins Bear as a managing director and is responsible for setting up an independent foreign exchange operation from Bear Sterns' present trading group.

Located at the 245 Park Avenue head office, but in a separate dealing room which has already been built, the new group is a customer-driven, non-proprietary unit that provides

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