Search results for

As readers know, ‘no comment’ doesn’t kill a story.

Joe Coley has left Bank of America, where he was an FX options trader, and headed off across Canary Wharf in London to Barclays Capital. Sources say he has had a change of career and that he will trade oil options in his new job.

JPMorgan has hired Gabriel de Kock in New York as senior G-10 strategist. De Kock, who reports to John Normand, head of global FX strategy, joins from Citi, where he was chief currency economist. Before this, he worked in the Federal Reserve Bank of New York’s international research department.

Susan Scott has resigned from her senior role in eFX sales at Barclays Capital in London. Sources say that she wants to spend more time in her new house and prepare for her wedding to Barclays colleague Dave Cooney, one of the guru’s behind Barx’s risk management.

It seems that it’s not easy to fill the role of global head of the institutional client group at Deutsche Bank. Well-informed sources say that Osman Semerci, former global head of fixed income at Merrill Lynch, came close to getting the job, but that he was vetoed at the last moment. Then just two weeks ago, word came from Deutsche that Richard D’Albert was moving from his role as global head of securitisation to replace the well-liked and respected Jim Turley, who is heading off on a sabbatical.

There is talk of a time bomb in the options market.

It’s been widely predicted that although 2007 was a bumper year for most FX players, the problems caused by the so-called clever Trevors in other markets could lead to a vigorous shakeout of staff.

Following a pilot trial, Icap will list non-deliverable forwards (NDFs) on seven Asian currencies and the Russian rouble on its EBS platform from Monday (March 3).

After years of expanding its exchange-traded fund line, the firm believes the future of ETF growth will come from explaining how ETFs can fit in portfolios

Morgan Stanley has structured a capital-protected note around a PowerShares Capital Management exchange traded fund that references a novel water index. The PowerShares Water Resources Portfolio, with over USD2 billion under management, reflects the returns on an index made up of water-related companies.

Claymore Securities has filed for an exchange-traded fund that will track companies connected to the solar power industry. The Claymore/Mac Global Solar Energy Index ETF will be the firm’s fourth sector ETF and the first Claymore ETF linked to an index from MAC Indexing.

Richard Moore has decided to leave his role as regional head of EMEA, fixed income at Citi. In an internal memo sent to staff this afternoon, the bank says, “After 22 years of service at Citi, Richard Moore has decided to leave the firm to pursue a set of interests outside of banking. His management of Foreign Exchange (FX) and Global Rates and Currencies played a large part in the success of those businesses. He will work through March to facilitate an orderly handover and we anticipate announcing his replacement in the near future.”