LONDON - Five former Salomon Smith Barney Inc. executives, including two foreign exchange chiefs, have set up a fund management firm for institutional investors.All five left Salomon this year after Travelers Group, which owned the securities firm, merged with Citicorp last year. They are all shareholding partners in the new London-based firm, Rubicon Asset Management Ltd.

Rubicon began trading in global fixed-income securities, currencies, and equity indexes on Nov. 23. Its investors are mainly in the United States, said Paul Brewer, chief investment officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.