
Dresdner hit by senior departures
Martin Fraenkel, global head of commodities at Dresdner Kleinwort in London, is believed to have left. Fraenkel joined the German bank in January 2006, having previously worked as a senior consultant for commodities and derivatives at Man Investments from November 2004 until December 2005 (FX Week, February 13, 2006). It is not known where Fraenkel is heading.
Tong Lee has taken over the commodities business, while continuing to work in his role as head of interest rate derivatives in London. Lee
More on People
Citadel Securities’ head of electronic FX departs
Kevin Kimmel’s departure comes just two weeks after the resignation of sales director Brian Seegers
HSBC appoints Benihasim as global FX head
Hong Kong-based Benihasim replaces Richard Bibbey, who moved to London to run institutional sales
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