People
One up, three down at Citi
NEW YORK & LONDON - Citi's global head of electronic execution has been made redundant and cuts have been made to the foreign exchange sales team in London, as part of the bank's drive to reduce headcount globally.
SocGen bolsters London FX team
LONDON - Société Générale has boosted its foreign exchange outfit in London with the addition of two former Lehman Brothers staff.
Gu appointment casts shadow over BoA FX
LONDON & NEW YORK - David Gu has been slated to head rates and currencies following the merger of Merrill Lynch and Bank of America (BoA), throwing into doubt the future of the BoA foreign exchange team, say market sources.
Goldman sacks top FX performers in London
LONDON - Goldman Sachs' attempts to cut costs have led to some of the bank's top foreign exchange performers losing their jobs, according to a market source.
Merrill Lynch FX trio reunited at CIBC
TORONTO & LONDON - Christian Exshaw, formerly global head of foreign exchange sales, Europe, the Middle East and Africa, at Merrill Lynch in London, has resurfaced at CIBC World Markets.
Exshaw rejoins Culham, Carrington
TORONTO - Christian Exshaw, formerly global head of foreign exchange sales, EMEA at Merrill Lynch in London, has resurfaced at CIBC World Markets.
Citi's Sherrard relocates to Asia
LONDON & SINGAPORE - Rodney Sherrard, a foreign exchange options trader for Citi in London, is transferring to the bank's Singapore office to work in correlation trading.
UBS chops 13 in forex
ZURICH - Stephane Treny, global head of foreign exchange corporate sales for UBS, was one of 13 redundancies from the FX team at the Swiss bank's Zurich office last Tuesday (October 28).
Discord at Commerzbank
LONDON – Eddie Listorti and Stefan Guetter have rejected positions offered to them at Commerzbank after the merger with Dresdner Kleinwort takes place.
Ex-Lehman staff form action group
LONDON - A group of around 30 former Lehman Brothers employees in London have formed an action group seeking to win compensation from the collapsed US investment bank.
Ex-Lehman UK staff find new FX roles
LONDON - Deutsche Bank, Credit Suisse, Standard Chartered and JP Morgan have all moved to make further hires from Lehman Brothers' former foreign exchange team.
Mixed forecast for FX
LONDON - Foreign exchange teams will avoid the worst of the job cuts in the City of London, although market sources warn no-one will be immune from redundancies.
Hotspot FX hires Asia sales head
SINGAPORE - Hotspot FX has appointed Trent Beacroft as head of Asia sales in Singapore.
BNP and Deutsche give homes to Lehman staff
LONDON - Not all Lehman Brothers' refugees have ended up at Nomura - BNP Paribas and Deutsche Bank have also stepped in to make hires.
Nomura takes 150 Lehman refugees
LONDON - Richard Gladwin, former global head of foreign exchange at Lehman Brothers in London, is leading an exodus of the defunct bank's FX staff to Nomura, according to market sources in London.
Senior management shake-up at SG
PARIS - Société Générale has made several senior appointments as part of a reshuffle of its senior management.