Bear expands EM trading

Andrew Mayer joined the bank in September as an options trader. His hire follows the appointment of Minh Phung, a spot and forwards trader in August. Both are new roles reporting to Bernd Broker, head of forex in London.

Broker said the bank plans to add another two or three traders in emerging markets by early 2005, as well as some sales dealers in a bid to build emerging markets in London to equal the bank's existing G5 business. "We would like to be strong in G5 currencies as well as in

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