First Chicago Rebuilds Forex Marketing Team After Promoting Karmen-Shafer As Manager

BANKS

First Chicago is rebuilding its Chicago-based foreign exchange sales and marketing team under Kathy Karmen-Shafer, the bank's recently appointed vice president in charge of North American forex sales (FXW, January 16), following a spate of recent departures, officials say.

The bank has also recently completed enhancements to its currency options trading and risk management system in anticipation of expanding the trading range of currencies and types of foreign exchange options, according to

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