State Street’s Snyder becomes head of NY FX committee

Snyder will serve a two-year term. He has been a member of the Committee for the past five years, where he took part in formulating industry best practices.

He takes over from David Puth, global head of FX at JP Morgan Chase, who transferred from New York to London last year.

The New York-based Committee aims to serve as a communications channel between the Federal Reserve Bank of New York, which sponsors it, and market participants. It also serves as a forum for the discussion of technical a