NationsBanc-CRT's Smith Leaves While Hoyle Is Named Head Of FX
BANKS
NationsBanc-CRT president Rick Smith decided to leave the bank effective August 1, confirms an official. Sources say Smith's departure may have had more to do with his three year contract expiring than it did with the deep cuts to the trading staff in London and Singapore that occurred that same week (FXW, August 5).
Bank officials say Smith's departure was amicable, but could not comment on his contract. NationsBank purchased derivatives boutique Chicago Research and Trading (CRT) in July 1993.
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