Trading places - April 2006
REVIEW OF THE YEAR
HSBC closes NY prop desk, shuffles management
HSBC closed its prop desk in New York and made a number of changes to its management line-up, following the promotion of Andrew Brown (left) to head of foreign exchange. Gary Nettleingham was promoted to Brown's former position as European head of FX, while trader Stuart Scott was made head of spot, replacing Brown. In sales, Adrian Boehler was made head of FX sales for Europe. Prop trader Henrik Jensen left the bank.
JP Morgan hit by sales departures
J
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
