Midland Bank dumped four of its seasoned veterans and hired Ken Mahaffey from Chemical Bank last week, sources close to the bank say. Pat Carr, head of Midland's proprietary desk, Karin Grapinsky, a cross rate trader, Don Hubbard, a forward trader and John Fritz, a money markets trader, were all let go last week and further changes are likely, these sources say. Though the department is clearly in flux, officials in London denied talk that Midland planned to shut down its New York desk

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: