HSBC
Westpac continues FX hiring spree
Blake Jensen, formerly of RBS, has joined Westpac in institutional sales as the latest in a number of key hires across sales and trading globally
Moore and Francis step up at Lloyds
Richard Moore and Clare Francis have been promoted to new management roles in the wholesale banking and markets division at Lloyds
Trading places, May 7, 2012
New appointments at Barclays, BNP Paribas, Nomura and Goldman Sachs, while Isda adds three to its board
Offshore renminbi bond market to take off in 2012
A maturing market combined with deregulation is sustaining demand for offshore renminbi bonds in the face of slowing RMB appreciation. Saima Farooqi reports
The year of the dim sum bond
A maturing market combined with deregulation is sustaining demand for offshore renminbi bonds in the face of slowing RMB appreciation. Saima Farooqi reports
HSBC hedge fund sales head to join JP Morgan
Michael Spencer, who has resigned from HSBC, is expected to join JP Morgan to work in hedge fund sales
Saxo’s Maasland joins Knight Capital
Albert Maasland, formerly London chair at Saxo Bank, is to head Knight Capital's international business
HSBC in Hong Kong retail forex foray with Oanda
HSBC launches margin FX trading services for retail investors in Hong Kong using technology by Oanda
Slater and Holdcroft to join Bozian in CLS exit
Deputy chief executive officer Peter Slater has resigned from CLS, while both chief executive Alan Bozian and chief legal officer James Holdcroft will also leave the firm
City’s top brass throws weight behind London RMB initiative
London will become the next offshore centre for RMB trading, vows UK chancellor George Osborne, supported by banking chiefs from Bank of China, Barclays, Deutsche Bank, HSBC and Standard Chartered
HSBC on top with slow-burn forecast on yen weakness
Strategists at HSBC took the view in early January that the yen would weaken, but less acutely than some anticipated, landing the bank at the top of the three-month forecast rankings
Trading places, April 16, 2012
Appointments at Man Group, Renaissance Capital, Icap, TD Securities and Tabb Group, while HSBC loses head of eFX sales for Emea
Trading Places, April 2, 2012
New appointments at Macquarie, Numerix and the Swedish central bank, while SGX announces a major restructuring
China and Australia sign A$30bn currency swap
Australia joins the ranks of central banks with a bilateral currency swap line with China; reflects increased use of renminbi and closer trading ties between the countries
Veteran spot trader departs HSBC
Gareth Cook leaves the bank after 26 years
Bank focus on new options platforms intensifies
Tradeweb recently became the latest technology provider to launch a multibank trading platform for FX options, as a handful of new platforms compete to harness liquidity in the product. More than a year since the first platforms went live, which ones…
BNP Paribas rolls out Cortex FX single-dealer electronic platform
The French bank today unveiled its long-awaited e-commerce platform, which replaces the white-label FX eTrader offering it launched in late 2009
UK banks ramp up RMB resources in London
Both RBS and HSBC have made senior appointments to prepare for the growth of renminbi in London. The new business heads talk to Chiara Albanese about their priorities
HSBC cautiously optimistic on euro recovery
Strategists at the UK bank went against the consensus in early January by predicting EUR/USD would rise to 1.31 in a month's time, landing the bank at the top of the one-month rankings
HSBC builds out London RMB centre
Key appointment made to drive growth and strategy for the development of London as an offshore renminbi trading centre
Swiss franc surge tests SNB resolve
Traders and strategists expect the SNB to defend but not raise the 1.20 floor on EUR/CHF, despite the spot rate having come close to the floor in recent days
Welsh and O’Sullivan head FX at Jefferies
Ben Welsh heads FX in New York, with Dan O'Sullivan as head of FX trading
Fusion AM pitches FX liquidity hedge to corporates
Options-based strategy was developed after a request from a large European exporter, and protects corporates from the liquidity risk arising from volatile currency moves
What’s in store for 2012?
At the dawn of a new year, FX Week speaks to senior traders, strategists, technologists and lobbyists about their expectations for 2012. The eurozone crisis, implementation of regulation and technology upgrades top the agenda for many participants…