Security Pacific Beefs Up Options Hiers UBS's Papacostas For N.Y.

BANKS

In an attempt to attract more, and accommodate current corporate business, Security Pacific National Bank is beefing up its currency options desk in New York.

Apparently, Los Angeles-based Sec Pac feels it can be more competitive by increasing its mix of products to the corporate sector, and has hired Dimitrius Papacostas, who previously ran Union Bank of Switzerland's options desk in New York, to head up its options team here.

Although Sec Pac's decision to increase its profile in the

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