State St drives into options

Lynch joined State Street in Boston at the beginning of March, reporting to global head of FX and money markets Mark Snyder. He leaves FleetBoston Financial, where he spent six years setting up and running its options business in Boston.

Two additional hires in FX options will be made over the coming months, said Snyder, to manage desks in London and Sydney respectively. They will report to Lynch.

Snyder said the bank had an existing options business prior to Lynch’s appointment, but this was