Singapore, Singapore (PressExposure) October 13, 2009 -- The team joined on Monday 9th September from the investment banking arm of Progressive Capital Management and reports to Sam Lee, deputy head of the Forex division.
Commenting on the team's appointment, Sam Lee said, "In an environment where leverage is expensive, correlations are high and liquidity is scarce, currency will be an asset class in its own right and be advantageous in 2009 and beyond. Roger and his team are recognized as being one of the most experienced and strongest in the industry".
"In the area of Forex there is an ever-growing need to offer a product which has liquidity, scale and capacity. So, the team which has accumulated more than 15 years experience of currency management are joining Jarvis & MacKenzie to offer a currency service alongside our other fixed income services".
Lee continues: "We have built a powerful and multi-faceted fixed income franchise, incorporating credit, G10, EM currencys, loans and interest rates over the last three years under Jarvis & MacKenzie. Adding a strong currency arm really allows us to develop a truly diversified and manageable product for our Forex clients. In a world that is seeing increasing correlation across asset classes, a currency service fulfills our strategic intent of being able to offer our clients independent, diversified, investment products," he adds.
The Jarvis & MacKenzie currency team is as follows: â¢ Roger de Boer, Head of Currency Team â¢ Michael Tan, Senior Portfolio Manager â¢ Peter Lim, Senior Portfolio Manager â¢ Jeff Tan, Portfolio Manager â¢ Nigel Cranberry, Portfolio Manager
The currency team will be based in Seattle,WA for approximately three months before moving to Jarvis & MacKenzie's Singapore office.