Chase Expands FX Options Sales Worldwide; Starts London Research Team In Exotics

BANKS

Chase Manhattan Bank in London has recruited a slew of new sales and research executives for its FX options group worldwide as part of an overall drive to expand the business, say officials. The new hires both "replace some losses" and add to Chase's team, says global FX options marketing chief Fred Stambaugh.

Mark Babunovic has arrived from Chase's New York office to replace Alan Hicks, who left in May with deputy Ross McDonald for Standard Chartered Bank (FX Week, May 9). According to

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