SBC Names Siciliano Sole FX Chief As Semadeni Plans 1995 Retirement

BANKS

Officials at Swiss Bank Corp. confirm that global co-head of foreign exchange Andy Siciliano, aged 33, will take over as sole global FX chief at the end of this year. His Zurich-based co-head, Arno Semadeni, will retire in September 1995, says Siciliano, and in the interim will continue to support him in managing the operation. The move means that control of the bank's forex business will shift to London, where Siciliano has been based since July, 1993.

According to Siciliano, the change does