CSFB Forms New Trading Business Unit To Deploy Risk Capital To Forex Markets
BANKS
Credit Suisse First Boston has hired Norman Weinstein to set up a new trading business, which will deploy the bank's risk capital to the forex markets, says Philip Vasan, global head of FX. The new unit, CSFB Foreign Exchange Funds Management, is based in New York.
Weinstein joins from Odyssey Partners, one of the US's largest hedge fund groups, where he was head of FX risk management for the past two years. Prior to Odyssey, he was at Bankers Trust (BT) for about 10 years, where he was a senior
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