PEOPLE

PEOPLE

HSBC Midland abruptly closed its interbank FX trading operation in New York last week, cutting 25 traders, while starting a late shift in London (see related story, this issue). In addition to the two dozen traders let go, which includes FX trading manager David Ogg, the bank cut 30 operations and finance positions as well. FX sales manager Barbara Levchuk, who co-headed FX with Ogg, is the new FX manager overseeing 13 sales dealers and three execution traders, including Robert Cassidy, Mijo Mirkovic and an assistant trader.

BZW has hired Keith Jenkins as director and head of yen trading in London. Jenkins previously held a similar position at Morgan Stanley in London. BZW is also strengthening its Italian treasury products team in London (see related story, this issue). Luigi Grasso joins as director of treasury products and Andrea Potsios joins as a senior salesperson on the European cross products sales team of the treasury products division.

St George Bank is expanding its forex activities in the Asia-Pacific region and has recently hired Chris Finn to head a new spot and forward Asian currency desk in Sydney, says Craig Busch, manager of FX and correspondent banking (see related article, this issue).

Bank of America has appointed Pierre de Bonneville as French country treasurer replacing Didier Darcet who transferred to London as head of interest rates trading (FXW, September 23). De Bonneville was previously head of marketing for BofA's capital markets division.

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