NAB names new head of FX
(16 November 2004 – Australia) National Australia Bank has made three new appointments in its Markets division, including a new global head of Foreign Exchange.
The man charged with leading the FX division, whose A$360 million rogue trading blow out led to former chief executive Frank Cicutto leaving the bank, is former Merrill Lynch staffer Jeff Lee.
Lee worked at Merrill Lynch for 17 years in roles across debt markets, emerging markets, complex derivatives, equity derivatives and FX. He will manage NAB’s dealing desks in Sydney, Melbourne, Wellington, Hong Kong, Singapore, London and New York.
The bank has also appointed Tim Andriesen as global head of Commodities. Andriesen, who previously worked at Zurich Capital Markets, Louis Dreyfus Corp and Rabobank International, will relocate from NAB’s New York office where he has been heading up the bank’s commodities desk.
Both Lee and Andriesen will report to Jeff Mitchell and be based out of Sydney.
The third appointment is Jim Fenwicke who is leaving Macquarie Bank’s Sydney office to help develop NAB’s wool business.
Lee worked at Merrill Lynch for 17 years in roles across debt markets, emerging markets, complex derivatives, equity derivatives and FX. He will manage NAB’s dealing desks in Sydney, Melbourne, Wellington, Hong Kong, Singapore, London and New York.
The bank has also appointed Tim Andriesen as global head of Commodities. Andriesen, who previously worked at Zurich Capital Markets, Louis Dreyfus Corp and Rabobank International, will relocate from NAB’s New York office where he has been heading up the bank’s commodities desk.
Both Lee and Andriesen will report to Jeff Mitchell and be based out of Sydney.
The third appointment is Jim Fenwicke who is leaving Macquarie Bank’s Sydney office to help develop NAB’s wool business.
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