Forex trading head quits Calyon

LONDON - Nasir Afaf, global head of foreign exchange trading at Calyon in London, resigned from the bank last Tuesday (September 1) to launch a hedge fund, according to market sources.

Afaf is believed to be setting up a quant macro fund, which will trade 70% of its assets in FX. He leaves the bank just over a year after joining from German dealer Commerzbank, where he was global head of FX and precious metals derivatives in London (FX Week, July 14, 2008).

Previously, Afaf has worked as senior

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