Midland Bank To Close FX Desk In Australia, 40 Jobs Eliminated


Midland Bank announced last week that it plans to close its Australian foreign exchange trading operation, which will result "in a loss of about 40 jobs," says Kyle Frazier, a bank spokesman. However, its merchant bank and interest rate management group will remain operational.

The wholly owned subsidiary, Midland Montagu Australia Ltd., had a foreign exchange trading and sales staff of 18 professionals, which included eight interbank spot traders, two forward traders, four currency options

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: