Sec Pac Frankfurt Gets Another New Treasurer; And Halves Six-Man FX Interbank Trading Staff
BANKS
Several weeks ago, Security Pacific National Bank named Juergen Freischmidt treasurer of its Frankfurt office. Sources inside the banks say Freischmidt is the third new treasurer the bank has installed in Frankfurt this year.
A source at the bank's Los Angeles office says Freischmidt's predecessor, Joachim Wagner, who came on board in March to replace Claus Rosskopf, was ousted because the Frankfurt office "wasn't getting [the job] done."
The bank also cut the German office's interbank foreign
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