Merrill man takes on NAB's troubled FX group in Sydney
Lee, who joins NAB after 17 years at Merrill Lynch, takes over from Mark Adams, who has managed the business temporarily since NAB's FX trading crisis earlier this year (FX Week, January 19).
Lee will be responsible for expanding the bank's FX sales and trading platform and managing dealing desks in Sydney, Melbourne, Wellington, Hong Kong, Singapore, London and New York. But perhaps more importantly, he will have to rebuild NAB's reputation in FX after it announced losses of A$360 million (US
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