Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

Traders Poll

Amid changes in builder, do you think the CAT project will be completed by 2020?

Free Site Registration

February 1, 1998

Fast Track

By John A. Byrne

Also in this article

In a move to strengthen their global sales trading, New York's Arnhold and S. Bleichroeder named Stephen Tatz head trader of the department. Tatz, a former head South African trader at the firm, reports to Geoffrey Collier, head of equities at Bleichroeder.

Four additional traders joined the global sales staff at Bleichroeder, reporting to Tatz. Roger Simpson moved from GFI Group in New York, where he was an inter-dealer broker. Kent Penney was previously an institutional salesman at New York's Alexander, Wescott & Co. Abigail Williams joined the firm from Josephtal & Co. in New York. And Chris Kramer was internally transferred from the convertible-bond trade desk.

Merrill Lynch & Co. named Jeffrey Peek head of its asset-management unit in the wake of the firm's $5.3 billion merger with London's Mercury Asset Management Group. Peek will be responsible for coordinating Merrill's $275 billion worldwide asset management activities. Previoiusly co-head of investment banking at the financial giant, Peek will be based in New York.

Richmond-based Scott & Strinfellow promoted David B. Marino to senior vice president. He serves as head position trader and manager of Nasdaq trading at the firm. Marino, a 14-year industry veteran, has been with Scott & Stringfellow since 1989.

Elizabeth Wood was named a senior sales trader for the international institutional equity-sales and trading division of New York-based Cantor Fitzgerald & Co. Wood is responsible for executing orders on non-U.S. equity products for the firm's leading institutional clients. She closed out her own independent firm, Robinson Investment Group in New York, to join Cantor.

The National Association of Securities Dealers appointed Gregor S. Bailar chief information officer for the organization and its subsidiaries, NASD Regulation and Nasdaq. In his newly-created position, Bailar will oversee all aspects of information technology, reporting to NASD Chief Executive Frank Zarb, and Richard Ketchum, NASD chief operating officer. Bailar, formerly a managing director and vice president of advanced development for global corporate banking at New York-based Citicorp, will be based in Washington.

The NASD also promoted John M. Hickey to chief technical officer, responsible for technology operations at the NASD. Hickey will continue in his current responsibilities at Nasdaq as an executive vice president of technology services, responsible for the day-to-day operations of the Nasdaq stock market. Hickey is based in Washington.

Dean Bruskof joined Sharpe Securities in New York as a director of exchange services on the floor of the New York Stock Exchange. Bruskof previously served in the same capacity at the NYSE for Chicago-based Rodman & Renshaw.

Campbell & Co. named Bruce Cleland chief executive officer, to replace Keith Campbell, the firm's founder and principal. Campbell will continue as chairman.

Citicorp Securities Services appointed Michael Richter president, responsible for marketing, product management, sales and trading. Richter, previously with the firm's distribution and investment-products group, reports to Ashok Bhatia, chief executive and chairman of Citicorp.

The New York-based brokerage firm also named Dennis M. Sarf a senior vice president of business development and correspondent-clearing sales. Sarf joined Citicorp from New York-based accounting and consulting giant Coopers & Lybrand. He reports to Richter.