Ritossa moves on up
Ivan Ritossa, Barclays Capital’s global head of FX, is now also in charge of the banks rates business in Asia. His new remit includes fixed income, commodity and equity-linked products, run out of the bank’s Singapore office. Ritossa is not believed to be relocating, although he will inevitably spend more time in the region. A Barclays’ spokesperson says: “Asia contains the fastest growing economies in the world. Developing and building our business across this diverse region is fundamental to the global growth plans of the firm. Since joining the firm in 2002, Ivan has transformed the foreign exchange business into a world-class performer... As well as product experience, Ivan also brings knowledge of the local market gained through previous assignments in the Asia-Pacific region.”
The weight of the world on ‘Shoulders’
Alan “Shoulders” Clarke, a popular veteran at HSBC, has been promoted to global head of eFX. I haven’t seen Shoulders for probably the best part of 20 years, but sources at HSBC say he hasn’t changed and remains unaltered by his ongoing success at the bank.
Hello, hello, Hurley is back
Elsewhere, it’s been reported that Tradition has poached Quentin Younghusband and Jeff Hurley from Tullett Prebon to broke dollar/rand for them in London.