Caboto FX Chief Semerdjian Takes Extra Responsibilities For Treasury

PEOPLE NEWS

MILAN--Caboto has tied forex trading and sales in with other treasury products under global head of forex, Francois Semerdjian.

Semerdjian now heads forex and short term treasury products. This includes trading and sales responsibility for all short term interest rates--except for repos; overnight indexed swaps; interest rate swaps up to 18 months; and forward rate agreements.

As part of the changes, the bank has hired Flavio Daverio to trade interest rate products from JP Morgan in London--w