Guinness Mahon Plans Expansion Into Cross-Currency Trading

BANKS

London-based merchant bank Guinness Mahon has hired a new chief dealer for its foreign exchange desk as part of a larger move into trading cross-currencies, say bank officials.

Guinness treasurer Peter Hill says he has hired David Barone, formerly chief dealer at Multibanco Comermex in London, to fill the same post at Guinness. Barone replaces Rob Newman, who has "parted company" with the bank, according to Hill. Barone, who was at Multibanco for three years, was previously with ABN Amro in L