Lehman, TMX, Nexa

LEHMAN BROTHERS MINTS NEW COO

Global investment bank Lehman Brothers has named Herbert McDade as president and COO. Prior to his new appointment, McDade was the global head of Lehman's equities division, a position he has held since June 2005. He also served as global head of the fixed-income division from 2002 to 2005 and as co-head of the fixed-income division from 2000 to 2002. McDade succeeds Joseph Gregory.

KLOET TO LEAD TMX

Thomas Kloet

has been picked as CEO of TMX Group, the operator of the

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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