Momtchil Pojarliev
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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.

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January 1, 2000

Fast Track

By John A. Byrne

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Herzog Heine Geduld in Jersey City added two senior Nasdaq traders: Tom Quinn from Bear Stearns and Scott Rosenfeld from Pershing.

Bloomberg Tradebook in New York hired four senior sales people, including two former traders, Leslie Ambinder from Pimpco Advisors and Mary Ann Doyle from Daruma Asset Management. The other two new sales reps are Judith Broneck, previously a compliance officer at Hoenig & Co. and Byron Cartozian, formerly a vice president of institutional equity services at CS First Boston Corp. Bloomberg also expanded its senior sales staff with two in-house hires, including Ellen Winston, formerly a buy-side order management sales rep. and Jeffrey Vincent, previously a Bloomberg terminal salesman. All six report to Steven Bookbinder, director of sales and marketing.

Kevin Foley was promoted to Chief Executive Officer of Bloomberg Tradebook. Kim Bang has been promoted to president.

Michael Burke joined Bear Stearns as an OTC trader. He was previously with UBS Warburg.

The Securities and Exchange Commission named David Becker as General Counsel. He was previously the SEC's Deputy General Counsel. Becker succeeds Harvey Goldschmid who returned to his previous post at Columbia University as the Dwight Professor of Law. Goldschmid is continuing to work for the SEC on a part-time basis as a special senior advisor to Chairman Arthur Levitt.

Mary Joan Hoene, previously vice president and counsel at Equitable Life Assurance Society of the United States, joined the law firm of Carter, Ledyard & Milburn as counsel in their Financial Institutions Practice Group.

The Philadelphia Stock Exchange nominated Edward G. Rendell, mayor of Philadelphia, to serve on its Board of Governors. John L. Cantwell, Jr., senior vice president and manager of George Wiess & Co. LLC and Thomas W. Wynn, president of Wynncroft, Inc. were nominated to serve as on-floor equity governors.

Goldman Sachs Group named two of its top officials to head up its new educational foundation: the firm's former

co-chairman, John C. Whitehead, will be chairman of the Goldman Sachs Foundation, and Stephanie Bell-Rose, previously counsel and program officer at the Andrew Mellon Foundation, will be president.

Lord Nigel Lawson was elected to the board of Innovest Strategic Value Advisors, a New York-based international investment advisory firm with offices in London and Toronto. Lord Lawson was a finance minister in the Thatcher administration in London.

Christopher Preston, previously with Chartwell Investment Partners in Berwyn, Pa. joined a new buy-side firm Villanova Capital in Conshohocken, Pa. Chartwell Investment is an advisor to the Nationwide Family of Funds with $11 billion under management in fixed income and equity products.

SunGard Brokerage Systems in Bedford, Ma. named Michael Nemerowski president of the firm, a provider of real-time, straight through securities processing systems. He was formerly the company's senior vice president. David Taylor, the firm's former president, was appointed group chief executive of SunGard.