FX Week

First Chicago And Zuck Part Ways Bank Scraps Trading Manager Role

BANKS

First National Bank of Chicago and its Chicago trading manager, Walter Zuck, parted company last week. Sources at the bank say the move was made in an effort to reduce one level of its management structure. Now all four FX operating units, the spot, forward, overnight and marketing desk, will report directly to Ken Markum, head of global trading at the bank.

The move follows First Chicago's decision to hire Steven Matsuo from Continental Bank late last month (FX Week, April 26). Matsuo

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