CAI Embarks Upon Global Drive To Boost FX Options Capabilities

BANKS

LONDON--Credit Agricole Indosuez (CAI) is gearing up for a global options drive which will include hiring specialist sales staff and developing the bank's exotics pricing capabilities, says Keith Underwood, global head of foreign currency options in London. Underwood, who joined the bank in March from Lehman Brothers (FXW, March 9), has a mandate to develop the customer business.

As part of the drive, the French bank has hired Jill Hirst to run FX options sales in London, reporting to Uwe Fuehrer

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