Merrill Lynch Expands Forex Trading Team In Singapore


SINGAPORE--Merrill Lynch has expanded its Singapore FX operation with hires on the spot and forward desks, confirms an official with the bank.

The hires reflect a wider trend among several banks to re-staff in the region, as Asia rebounds from the economic crisis which roiled global markets in 1997-8.

Merrill is understood to have made several hires on the trading desk in recent months, including spot trader Stuart McPhee, who transferred from UBS in London earlier this year.

However, officials in

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