Lehman Brothers has hired Daniel Salva, associate director in foreign exchange advisory at UBS Warburg in London, to head fx sales to Spain and Portugal. This is a newly-created position in the development of the firm's European fx products, according to Jessica Shepherd-Smith, spokeswoman in London. Salva will start at the end of September and report to Mark De Gennaro, global head of fx sales.
At UBS, Salva reported to Rob Garwood, head of fx sales for Europe in London. Salva could not be reached for comment. Garwood and De Gennaro referred comments to spokeswomen.