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  • Lehman Brothers has incorporated its European structured finance syndicate and the short-term credit business into its wider syndicate platform. Lorenzo Frontini, European head of syndicate, now has Brett Olson, Edward Rose and Yekaterina Antropova, who are responsible for structured finance, reporting to him. Jon Ford, who runs short-term credit reports to Frontini geographically and Paul Feidelson, global head of short term credit.
  • Q&A with Bill Browder, founder and CEO of Hermitage Capital Management, the biggest foreign investor in Russia.
  • While some analysts worry about the Austrian bank’s effect on prices in central and eastern Europe, others have a great deal of confidence in CEO Andreas Treichl and his X factor. Julian Evans reports.
  • Goldman Sachs has reshuffled its Latin American investment banking team by naming Eduardo Centola and Martin Werner as co-heads.
  • UBS has confirmed long-standing rumours that it is to relocate its London foreign exchange (FX) trading operation back to Zurich. According to a spokesman at the bank, the move will affect 60 staff working in its spot, derivative and emerging market areas. The spokesman said that the relocation, which will not result in any redundancies, will also affect all front office support and IT staff. The move is scheduled to take place in August.
  • Euromoney collected data for its 2006 FX survey by polling named individuals at industrial and commercial corporations, financial institutions, institutional investors and state agencies.
  • Annual Euromoney survey demonstrates soaring trading volumes in FX market.
  • Bond Outlook [by bridport & cie, April 26th 2006]
  • Lehman Brothers is believed to have poached Richard Gladwin to become its new global head of FX.
  • Foreign exchange trading volumes increased in 2005 thanks to a considerable boost from fund managers, pension funds and non-traditional FX traders like the so-called "aggregators" that facilitate retail trading, but the market could not maintain the 25% growth rate set in 2004.
  • Bond Outlook [by bridport & cie, April 19th 2006]
  • Deutsche Bank is about to launch an entirely new FX trading platform aimed squarely at attracting flow from the retail end of the market.