Barclays

FX industry creates lobby group

BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.

RBC Capital Markets adds in Asia

SINGAPORE & SYDNEY - RBC Capital Markets has added two hires to its global FX team in the Asia-Pacific region, with the appointments of Winston Quek and Amanda Lowe.

RBS loses Usher but gains Gething

LONDON – Royal Bank of Scotland has lost Richard Usher, London chief dealer and EUR/USD spot trader, in a further senior departure from the bank.

JP Morgan in e-FX build

LONDON – JP Morgan is continuing to build up product capabilities on its internally developed single-dealer system, MorganDirect, after switching off the pre-existing AVT-based system JPex last month.

Szucs and Shiff join BAML

LONDON - Bank of America Merrill Lynch (BAML) continues to build up its foreign exchange franchise with the hire of a senior institutional salesperson from Morgan Stanley in London.

Mass exodus from BarCap in New York

NEW YORK - Barclay Capital (BarCap) continues to haemorrhage forex sales staff as below-average compensation makes the bank’s employees prime recruitment targets, according to market sources.

Casini finds new home at Credit Suisse

Enrico Casini is understood to have taken a senior European foreign exchange sales position within Credit Suisse following his departure from Royal Bank of Scotland (RBS) two weeks ago (FX Week, April 6).

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