FED's FX Trader Paulus Resigns Heads To First Chicago Corp.

REGULATIONS

Michael Paulus resigned as foreign exchange trading officer at the Federal Reserve Bank of New York and is set to join First Chicago Corp. in Chicago September 17.

Paulus says that he will be an assistant vice president on First Chicago's institutional desk reporting to Peter Gloyne.

The Fed has not yet named a replacement but Paulus says Tom Heffernan, staff director of foreign exchange trading is currently filling his shoes.

Paulus held the manager-level position for about two years, having j