The New York-based group is managed by market veteran Ross Taylor, who assumes the title of senior managing director and US head of foreign exchange sales. Taylor was most recently head of FX sales at Bear Stearns. His team includes a number of his former colleagues. Gordon Beals, joins as senior managing director and senior institutional salesperson; Dan Fischer joins as senior managing director and US head of FX new business; Michael Hackett, senior managing director and senior institutional salesperson; Randy Brummette, senior managing director and US head of FX e-commerce; and David Durst, managing director and senior derivatives specialist.