Toronto Dominion Revamps Forex After Departure Of Schumacher

BANKS

Toronto Dominion (TD) has reorganised and made several key hires in its foreign exchange operation following the recent departure of John Schumacher, who was senior vice president in charge of global trading in the FX, money, fixed income and derivatives markets.

Schumacher, who has not yet resurfaced in the marketplace, was put in charge of global trading when TD re-structured along functional lines last year (FXW, March 14, 1994). Last month, TD officials said Schumacher resigned to pursue

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