People
StanChart kick-starts Brazil push
SAO PAOLO - Standard Chartered (StanChart) has established a rates and FX trading desk in Sao Paolo, after receiving regulatory approval to launch trading operations in Brazil in April.
Trading Places, June 14, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Commerzbank in e-FX build
Commerzbank is deepening its footprint in the electronic foreign exchange market with key appointments in London.
Neal jumps ship to Nomura
LONDON – Michelle Neal, global head of electronic commerce, rates and capital markets at Royal Bank of Scotland (RBS), has left the bank, confirmed an internal source.
Rabobank finds new global FX strategy head
LONDON – Rabobank has hired Jane Foley to replace Jeremy Stretch as global head of FX strategy in London, according to market sources.
JP Morgan, Merrill Lynch fined for segregation and supervision failures
LONDON & HONG KONG – The UK Financial Services Authority (FSA) and the Hong Kong Securities and Futures Commission (SFC) have fined JP Morgan and Merrill Lynch, respectively, for accounting failures.
TwoFour expands global sales team
LONDON & NEW YORK – Two Four, an FX and treasury cash management technology vendor, has hired two sales managers to expand its business globally, it was announced on June 3.
FX industry creates lobby group
BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.
Trading Places, June 7, 2010
Read this week's Trading Places to catch up on people hires and departures across the FX world.
Rinehart quits Standard Chartered
NEW YORK – Paul Rinehart has resigned from Standard Chartered in New York, where he was a vice-president and head of institutional FX sales for the US.
Sijbrandij calls time at Goldman Sachs
LONDON - Robbert Sijbrandij, vice-president and head of European real-money FX sales at Goldman Sachs in London, has left to join HSBC in the City.
BarCap beefs up in the US, but loses in Europe
NEW YORK - Barclays Capital has boosted its sales coverage in the US with the hires of Mike Testa, Marlena Demenus, James White and David Weiss in New York and San Francisco.
Trading Places, May 31, 2010
Read this week's Trading Places to catch up on the latest people moves across the FX world.
Beriot in shock move to Citi from SocGen
LONDON & NEW YORK - Citi has made a key hire from Société Générale in institutional sales, a week after the departure of Jan Bak, head of non-UK European institutional sales in London.
FXall targets Japan expansion
TOKYO – FXall continues to expand its presence in the Asia-Pacific region, with a key hire from Deutsche Bank in Tokyo.
Citi sales reorg after Jan Bak departure
LONDON – Citi has reorganised its institutional sales team with the departure of Jan Bak, head of non-UK European institutional sales in London.
RBC Capital Markets adds in Asia
SINGAPORE & SYDNEY - RBC Capital Markets has added two hires to its global FX team in the Asia-Pacific region, with the appointments of Winston Quek and Amanda Lowe.
CIBC continues to grow
NEW YORK - CIBC has made two hires in its financial solutions group in New York, as it increases its presence in the city.
Hogan calls it a day at Nomura
Canice Hogan, head of fixed-income flow sales for Europe, Middle East and Africa at Nomura, retired on Friday, May 14.
Coalition team takes over at UK Treasury
The UK's new Conservative-Liberal Democrat coalition government has named its joint treasury team.
UniCredit hires new head of FX cash
LONDON - UniCredit has hired Beat Nussbaumer as European head of FX cash. Based in London, he will start on May 17, reporting directly to Nick Crawford, global head of FX in London.
OCC announces new directors
The Options Clearing Corporation (OCC) has named Craig Abruzzo and Valar Mihan as directors, and appointed director Paul Brody as vice-chairman. Brody replaces Gary Yetman, who completed his term at the end of April.
Headhunters report temporary hiring freeze in wake of volatility
Headhunters on both sides of the Atlantic have reported a distinct slowdown in foreign exchange hiring as banks take advantage of the high level of volatility to make some much-needed profit, thus halting candidate interviews.