Long Term Credit Bank Snags Pettit Set To Expand New York FX Desk
BANKS
The Long Term Credit Bank (LTCB) is gearing up to carve out a significant niche in the New York interbank foreign exchange market, and has taken the first step in that direction by hiring Dennis Pettit as vice president to head up its FX operation.
Pettit, formerly of PaineWebber International Inc. and Banque Paribas in New York, says "senior management has decided to bring its North American foreign exchange trading operation more into line with what is commensurate of the bank's overall
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