Barclays Capital has hired Tim Davenport as a managing director and head of FX structuring, Americas. Davenport, who will lead the firm’s FX product development management in the Americas, will be based in New York and report to Andrew Kaufmann. Those with a puerile sense of humour will remember the late Andy Kaufman for his role in the long-running US comedy series Taxi. Fortunately this is a different Kaufman and he doesn’t report to my old mucker Louis DiPalma, who actually works at Tulletts. Still, it had to be mentioned. Davenport joins Barclays from Bear Stearns.