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  • The highly respected Gavin Wells has left Citi after a 14-year stint at the bank. Wells originally joined as part of the bank’s experiment of recruiting former British army officers; he successfully marched through the ranks to ultimately head the bank’s e-commerce trading force. Following Wells’s decision to stand down, Citi has decided to use its existing forces and deploy them in more distinctly divided specialist areas.
  • Despite a population of about 560 million – nearly 10% of the world total – Latin America has only 2% of the global insurance market. So it’s no wonder that insurance companies see strong growth potential. La Meridional (AIG Argentina) is one firm eyeing the opportunities.
  • Thailand’s People Power Party government bears a close resemblance to Thaksin Shinawatra’s overthrown administration, and Thaksin is widely seen as its eminence grise. The government has big plans for infrastructure development but it is highly exposed to a contraction of US export demand and the potential for inflation. Eric Ellis reports.
  • Twelve Wall Street firms are in the early stages of developing a single trading portal alliance platform, operated by Nasdaq, for all 144a securities. The companies hope the platform will bring liquidity and transparency to the 144a market, which has been associated with unregistered, opaque trading.
  • Since it launched its FXTrade platform in 2001, Oanda has carved out a reputation as an iconoclast and innovator in the foreign exchange industry. By making use of smart risk management tools, it has helped pioneer the delivery of tight spreads initially to retail customers but increasingly to institutions.
  • Abu Dhabi wants to be a global capital city: a pleasant hub for industry and high-class tourism. To attain that goal, it is looking for outside investment. But despite a stated desire for more independent business, the ruling family is still omnipresent.
  • Will the long-awaited recovery in the German real estate market be stopped in its tracks by turmoil in the debt markets? Louise Bowman reports.
  • Funds move to more aggressive investment strategies.
  • Can central banks give an implicit guarantee that they will allow no bank to fail without reintroducing the moral hazard which has done so much to cause the crisis?
  • “Misunderstanding risk is, now more than ever, a potentially fatal risk for business” -Gregory Case, Aon Corporation
  • 2008 FX poll results FX poll methodology Click on the above link