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ABN Amro has named Alex Scarsini as a senior dealer on its EMS desk in Chicago, confirms chief dealer John Nelson. Scarsini was previously a director of FX and deputy head of FX trading at BZW in New York. A number of former BZW traders moved over to ABN Amro last year, including Nelson and FX manager Tom Stanley.

Martin Woodhams, formerly at Bear Stearns in New York, has joined Bankgesellschaft Berlin in London as head of FX trading to fill the position previously held by Albert Hoyle, says

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Banca Italease restructures after losses

MILAN – Banca Italease is to reorganise its risk management and control processes, following the announcement of a net loss of €686 million ($937 million) from its derivatives business.

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