BoNY Hires StanChart's McDonald For Derivatives Team In London

BANKS

Bank of New York (BoNY) has hired Ross McDonald, formerly of Standard Chartered Bank, as a senior options trader on the bank's derivatives team in London, officials say. McDonald reports to Jim Ludwig, head of FX options.

Earlier this year, derivatives boutique Susquehanna Partners entered an agreement with BoNY to provide "servicing and technology" for BoNY and its customers with a broad array of foreign exchange risk management products (FXW, March 4, 1995).

Under the terms of the agreement

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