AIG Trading Group has hired Carl Nabar, v.p. and head of exotic foreign exchange options for the U.S. at Credit Suisse First Boston in New York, as v.p. in foreign exchange options trading in Greenwich, Conn. The new hire is a move by AIG to build up its exotic options business, said an official familiar with the hire.
Don Lee, senior v.p. and global head of foreign exchange options and head of foreign exchange, to whom Nabar reports, referred calls to Beth Cutler, director of corporate marketing, who confirmed the hire and declined further comment.
Craig Puffenberger, global head of foreign exchange trading at CSFB in New York, said no final decision has been made regarding Nabar's replacement, with his responsibilities likely to be assumed by an internal transfer.