US EditionBNY breaches VaR limit, appoints new trading head - Global Trading
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BNY breaches VaR limit, appoints new trading head - Global Trading
Daniel Ciment has been named Americas head of equities trading and execution at BNY amid a restructuring of the division. Based in New York, he reports to Rob Lynch head of fixed income and equities. John Goodheart, who held the role on an interim basis, will remain global head of fixed income and equities product. The appointment follows the news that BNY exceeded the value at risk (VaR) threshold of its overall portfolio on a single day in the…
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