Morgan Stanley hires Droege for FX spot trading
Former Credit Suisse trader joins in early August in Frankfurt
Morgan Stanley hired Michael Droege as a foreign exchange spot trader on its Frankfurt-based trading desk in early August, FX Week has learned.
Droege worked in FX spot trading at Credit Suisse for almost five years prior to taking on his new role.
As a result of Brexit preparations, Morgan Stanley started moving investment bankers to its office in Frankfurt last year.
Droege started his career as an FX spot trader at Dresdner Kleinwort Wasserstein in 1996. He stayed at the bank for 13 years
More on People
Citadel Securities’ head of electronic FX departs
Kevin Kimmel’s departure comes just two weeks after the resignation of sales director Brian Seegers
HSBC appoints Benihasim as global FX head
Hong Kong-based Benihasim replaces Richard Bibbey, who moved to London to run institutional sales
IMC appoints head of FX trading
Ex-UBS exotics head Ramon Puyane to join Dutch market-maker
Citi’s head of FX electronic platforms departs
Ala’a Saeed, who oversaw its single-dealer platform, leaves US bank
Deutsche adds three to FX sales team
German bank recruits institutional sales head in New York, along with hires in London and Paris
Nomura hires Leng for dual global FX trading roles
Hire comes as Nomura looks to significantly bolster its FX and macro trading division globally
Capitalab co-founder quits firm
David Bachelier leaves BGC-owned compression venture after seven years
Citi names Stuart Staley FX co-head
US bank’s Asia-Pacific markets head moves to London to work alongside Itay Tuchman
