BoA links major and emerging FX forwards in risk strategy drive

This continues the transition begun last year (FX Week, September 30, 2002) to move the bank "from a traditional FX forwards pip business into a more strategic risk management team that focuses on the FX forwards/interest rate environment," said Larry Baum, global head of spot, forward and proprietary trading at BoA in New York.

The move ties up with the bank’s recent management reorganisation (FX Week, April 14), which saw Baum take responsibility for global emerging markets, and is designe