Articles by Robert Mackenzie Smith
Citi e-FX sales director departs
Departures in New York continue as an e-FX sales director exits Citi shortly after G-10 FX head Jeff Feig moves to the buy side
Citi appoints Bindler to replace Feig
Following Feig's departure to Fortress Investment Group
Barclays cuts FX sales staff in New York
Banking giant streamlines FX sales
Paired delivery floated as options-clearing solution
A paired-delivery model proposed by CME has not been looked upon favourably by the US regulator, with further industry talks expected in July
EBS loses senior sales manager
Former UBS and CME director leaves his role at the Icap-owned firm
NDF clearing set for more delays
'Imminent' NDF clearing proposals look less likely this quarter, as CFTC says a draft has not been formally submitted
JP Morgan loses senior FX spot trader to Nomura
Paul Davenport is set to take on the role left by Bernard Singer at Nomura following his move to Citi
BAML replaces G-10 FX forwards head in Asia
On its FX forwards desk, BAML has replaced Stephan Wenger, who left to rejoin the buy side this month
Citi's Feig to join Fortress Investment Group
Jeff Feig is the latest big name to leave the FX industry as he exits Citi after 25 years to move to Fortress Investment Group
Wells Fargo hires FX strategy, policy and reporting head
30-year corporate FX veteran Matthew Daniel has left Citi to join Wells Fargo in New York
New enforcement director to continue currency investigation work
Goelman is a former partner at law firm Zuckerman Spaeder with more than 20 years of experience to public office
Benchmark criminalisation won't fix the fix
UK chancellor’s new powers over benchmarks will have little effect without internal changes to curb behaviour, say participants
CCPs clear less than 2% of NDF contracts
The appetite for market participants to clear NDFs is conspicuously absent, despite a number of CCPs offering the service
CRT Capital shuts FX agency desk
CFTC regulations and prime broker conservatism over them have led to the intermediary's closure, according to its FX head
UBS FX derivatives COO departs
UBS replaces departed New York FX derivatives COO with Vasco Nunes at its HQ in Zurich
LMAX appoints global head of FX strategy
London-based FX platform hires FX veteran Patrick Bartle to run its global strategy team
Nomura FXEM trading head exits for Citi
The Japanese bank loses its second FX senior director this year, following Jai Rajpal's departure in March
World Cup set to "shut down" LatAm markets
FX markets are set to take an early summer break as the football tournament turns participants' heads away from the trading floor
Concerns mount over USD/RUB benchmark
USD/RUB benchmark methodology said to be open to market abuse while plans to launch a rival hit choppy waters
JP Morgan FXEM structure reflects current demand
The ongoing management reshuffle is intended to benefit clients who view FX and emerging markets under one umbrella
SEB head of FXPB leaves bank in London
Twenty-four-year FX industry veteran Noel Singh departs the bank's FX prime brokerage team in the capital
SocGen FX options Asia head departs
Options head is the second senior departure this year, following Serge Topolanski's exit in Paris
Corporates eye FX options as hedging tool
Treasurers are becoming increasingly interested in FX options to fights rising costs, but face a battle to implement them at their firms
Commerzbank hires and suspends in FX
The German suspends two spot traders after attempted market manipulation and hires an FX options trader in London