FX Markets

Banque Paribas' Rice 'Promoted'? Cohen Takes Over French Franc

BANKS

In a move which is being called a "promotion" by Joseph Cambria, a senior vice president and treasurer at Banque Paribas in New York, Jimmy Rice, a senior currency trader, has recently been switched from trading the French franc and Deutsche mark/franc crossrate to trading the Japanese yen.

Robert Cohen, who sources say was previously a junior trader at Credit Lyonnais, joined the bank on August 13th, and is now responsible for managing Paribas' flagship currency, the French franc, as well as the

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