Nomura
New lows in FX volatility prompt funds to retreat from options
Volatility in the FX market is plunging to record lows in the fourth quarter, leading to changes in the composition of the options market
BNP Paribas hires sales head for North America
Former Nomura salesman has joined the French bank in New York, reporting locally to George Nunn
SNB's continuing resolve drives creativity among Swissie traders
A year after the Swiss National Bank imposed a 1.20 floor on EUR/CHF to stem the appreciation of the Swiss franc, the minimum rate remains in place, driving traders to seek new ways to trade a currency afflicted by low volatility. Miriam Siers reports
Trading places, August 27, 2012
New appointments at Nomura, Rule Financial and DTCC, while HSBC loses a salesman
Nomura appoints new global head of FX
Jai Rajpal, formerly head of fixed income for Asia ex-Japan, is promoted to head of foreign exchange at Nomura, reporting to Steve Ashley
Nomura hires ex-RBS corporate risk business head
New appointment follows the departure of Georges Assi last month from his role as deputy global head of fixed income
Trading places, August 13, 2012
Departures at Citi, Deutsche Bank, Nomura and RBS, while Barclays appoints Sir David Walker as its next chairman
Morgan Stanley hires FX sales head for Asia
Toru Tokoyoda joins Morgan Stanley in Hong Kong, having worked previously at Nomura, Lehman Brothers and Goldman Sachs
Trading places, July 16, 2012
New appointments at Deutsche Bank, Barclays and FxPro
Nomura creates new FX correlation business
Emerging market options head Will Johns is promoted to run FX correlation in London
FX sales veteran departs Nomura
Jake Rue, who most recently worked in structured FX sales, has left Nomura in New York
FX sales veteran moves to recruitment
Mike Burton, SG CIB's former head of FX sales, has joined ex-colleague Canice Hogan at recruitment firm Shadowhound
Nomura shakes up global FX role
The Japanese bank moves David Steck into a client relationship position, while introducing a co-head partnership for FX sales in the Americas
Euro exit testing intensifies
Banks and FX market infrastructures are stepping up their efforts to prepare for a possible redenomination of eurozone currencies if Greece is forced to leave the currency union, but some investors would like to see new contracts to protect them from…
UBS beefs up FX sales team in Europe
The Swiss bank has made three appointments to its FX sales teams in London and Zurich
Nomura’s former hedge fund sales co-head to join UBS
UBS has hired Louis Curran, formerly of Nomura, as co-head of institutional FX sales in Singapore
Nomura appoints new FX structuring head
JP Morgan veteran Tim Owens has joined Nomura this week as global head of FX structuring
Goldman Sachs sales director departs for Nomura
Evren Pacalioglu Tore has left Goldman Sachs and will join Nomura later this year
BNP Paribas expands in prime brokerage
Matt Pinnock will join in May as head of prime brokerage services for Europe and Asia
JPM's Foster joins Nomura to head G-10 spot
Antony Foster joins the Japanese bank from JP Morgan
Market divided on sustainability of yen slump
Barclays Capital has revised its USD/JPY forecasts upwards, but other banks believe the recent fall of the yen will turn out to be a short-lived trend
Curran departs hedge fund sales head role at Nomura
Cost-cutting measures at Nomura hit forex sales and structuring, claiming Louis Curran, Mark Stafford and Peter Larsson
Lloyds hires Deutsche’s Cassidy to head e-commerce and clearing
Joe Cassidy joins Lloyds in London today, reporting to Clare Francis, head of sales
Nomura expands in Dubai
FX traders Hyeonmuk Mun, Hatem Jerad and Ali Debbagh join Nomura to focus on Mena region