PaineWebber Continues FX Expansion Plans In New York With New Senior Appointments

NON-BANKS

PaineWebber Inc. in New York has restructured by placing its foreign exchange business under its fixed income division, officials say. The investment banking firm has made a number of senior appointments to beef up its FX coverage. The latest appointments mark another stage in PaineWebber's expansion (FX Week, April 19).

In July, Chris Garavente, PaineWebber's managing director and global risk manager, took over as the New York unit's FX manager, when foreign exchange was folded under the fix

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