ABN Amro has hired two foreign exchange derivatives marketing managers in the latest stage of its ongoing derivatives business expansion.Alex Barrett, a former head of forex sales at Deutsche Bank in Frankfurt, joined last week as global head of foreign exchange derivatives marketing, based in London. Meanwhile, Demetri Papacostas will join the New York office as North American head of forex derivatives marketing.
Robert Valdes-Rodriguez, global head of forex distribution at the Dutch bank, said the moves were part of a strategy "to significantly expand" market-share.
In the past four months, ABN Amro has hired a new global head of foreign exchange options, Ian Robertson, and expanded its forex strategy group. Valdes-Rodriguez said the bank plans more foreign exchange derivatives marketing hires as ABN Amro continues to build its platforms in Europe, Asia and North America.
Barrett left Deutsche Bank earlier this year, where he had worked since joining from Credit Suisse First Boston in 1995. Papacostas was previously at HSBC in New York, where he worked in a similar derivatives marketing role.
More on People
Yates leaves Citi to become CEO of Two Sigma Securities in September
US regulator resigns to head derivatives industry group
Matthew O’Connor named as head of investor sales for the Americas
Fabio Nehme leaving to set up own commodities business
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.