Hires from Merrill At Paribas London Culminate Two-Year Reorganisation

BANKS

Banque Paribas's move to hire Ian Carter from Merrill Lynch in London as its new London spot chief (FX Week, July 25) marks the culmination of a reorganisation that has taken place at the bank in foreign exchange over the past two years, say officials.

Carter, who came to the bank along with senior spot trader Jeff Schorer, replaces Mark Suter, who has moved over to the bonds group, says global foreign exchange chief Filippo Friedenberg. But Suter's job had substantially altered during the

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