Released on: July 21, 2008, 6:58 pm

Press Release Author: NewsNow

Industry: Financial

Press Release Summary: Foreign Exchange heavyweight assumes new senior role following sterling success at UBS.

Press Release Body: Sources close to Portway Capital are speculating that a deal to secure the expertise of a former UBS star trader is close to conclusion. The unnamed individual is thought to be joining Portway Capital to direct currency trading strategies at the French-based firm in light of increasing volatility caused by international central bank apparent inability to control inflationary pressures.
A spokeswoman for Portway Capital who currently manages in the region of $30 million for private clients, reportedly revealed that the new incumbent\'s previous contractual obligations meant that he couldn\'t be named but appeared to confirm that unofficial consent had been obtained to secure the individual\'s services. The appointment, she asserted, was a \"reflection of the importance Portway Capital continue to place on seeking out and retaining key personnel\".


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