Goldman Sachs
Goldman Sachs appoints Lubke as chief regulatory reform officer
Theo Lubke calls time on 15-year stint with New York Fed to join Goldman Sachs.
BAML hires new Russia FICC sales head
Bank of America Merrill Lynch (BAML) has lured a former Goldman Sachs managing director to strengthen its fixed-income, currencies and commodities (FICC) team in London.
RBC rebuilds sales team, adds FX veteran Baune
Royal Bank of Canada is continuing to bolster its global sales force, with the hire of an industry veteran in London.
Pinto returns to Goldman Sachs
Goldman Sachs continues to build in electronic commerce sales in New York.
HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
HSBC wins best bank in Asia-Pacific with strong liquidity
HSBC is the best bank for FX in Asia-Pacific for another year running, using its ability to internalise flow and warehouse risk to offer clients tight spreads in illiquid conditions.
Christopher Street finds new global head
Steve Janjic has joined Christopher Street Capital as managing director and global head of e-FX sales and distribution in New York.
BarCap rebuilds after slew of departures
Barclays Capital is rebuilding its FX sales team after a series of high-profile losses earlier this year.
smartTrade launches LiquidityConnect for FX
Liquidity management software vendor smartTrade Technologies has launched LiquidityConnect for FX, it announced on November 2.
Deutsche takes the top spot for FX in Q3
ZURICH & FRANKFURT – Deutsche Bank has proved its FX credentials by being the only bank so far to report higher FX year-on-year revenues for the third quarter, despite lower volatility and tight spreads.
Fleschler resurfaces at Goldman Sachs
Robert Fleschler, formerly global head of electronic FX sales and distribution at Lehman Brothers, has joined Goldman Sachs as vice-president of e-FX sales for the Americas.
US forex hits sluggish patch
NEW YORK & BOSTON - All US banks reported weak forex revenues in the third quarter this year versus last year, as volatility and volumes dropped.
JP Morgan kicks off Q3 results round
NEW YORK - JP Morgan posted another year-on-year fall in third-quarter results from the fixed-income business, which includes foreign exchange, due to a drop in revenues from credit and rates.
Kemp named managing director at Afme FX division
The Association for Financial Markets in Europe (AFME) has named James Kemp as managing director of its recently formed global foreign exchange division.
SGX AsiaClear aims to be Asia's CCP for rates and FX swaps
SGX president Muthukrishnan Ramaswami says the new interbank OTC clearing service for Singapore and US dollar interest rate swaps will target Asian banks as a start, and soon global investment banks that trade with Asian counterparties. Asian local…
HSBC on global hiring spree
TOKYO, SINGAPORE, SEOUL & LONDON – HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed on August 17.
Dodd-Frank prop desk carve-out creates potential restructuring risks
Intellectual property and internal talent could get caught up in bank prop desk divorce
BAML live on CLS/Traiana by October
NEW YORK - Bank of America Merrill Lynch is due to go live on the CLS/Traiana joint venture trade-aggregation service by October, making it the last of the eight founding banks to begin processing through the service.
Trading Places, August 9, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
MS raids BarCap and Goldman for salespeople
LONDON & NEW YORK – Morgan Stanley is hiring from rivals Barclays Capital (BarCap) and Goldman Sachs in London and New York, respectively.
Citi hires Margolis from Goldman Sachs
LONDON – Citi has hired Adam Margolis from Goldman Sachs to its foreign exchange sales team in London, according to market sources
State Street hires two in London
LONDON – State Street has hired in its sales team and Currenex group in London, according to market sources.
Regulatory uncertainty hits US banks’ Q2 results
NEW YORK - Most US banks reported a slump in forex revenues in the second quarter this year versus last year, citing a drop in risk appetite and liquidity amid concerns over regulatory changes and the European debt crisis.
Trading Places, July 26, 2010
Read this week's Trading Places to catch up on people moves across the FX world.