Italian Banking Group Caboto Launches Forex Trading Hub

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MILAN--Caboto Holding, the investment banking arm of the newly formed Italian banking group Banca Intesa, has hired Francois Semerdjian to head foreign exchange trading and sales in Milan. Semerdjian will be responsible for building Caboto's FX operation at the Milan headquarters, which will be the central trading and sales hub for the Intesa group.

Semerdjian was formerly head of FX at Cariplo in Milan; although prior to that he spent 11 years in the London market as a proprietary trader with JP

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