People
Gold rush on Lehman's European FX team
LONDON - Dealers are willing to pay top dollar for Lehman Brothers' foreign exchange team in Europe, following the failure of administrator PricewaterhouseCoopers (PwC) to agree a sale of the defunct bank's European fixed-income unit last week.
GFT deepens footprint in London
LONDON - GFT is expanding its London presence, with two hires in the city.
Dresdner heads take top jobs at merged bank
LONDON - Commerzbank has reportedly named Dresdner Kleinwort's Eddie Listorti as head of fixed income and Stefan Gütter as head of sales, in a crucial step in the formation of the newly merged German dealer.
Nomura builds in emerging markets
LONDON - Nomura has hired a five-strong emerging markets foreign exchange team, four of whom formerly worked at Bear Stearns.
Wacker joins JP Morgan
LONDON - JP Morgan is understood to have strengthened its senior foreign exchange salesforce in London by recruiting a former sales head from Dutch rival ABN Amro.
Banks cherry-pick from redundancy fallout
LONDON - Opportunities in foreign exchange continue to provide solace to traders and salespeople who have lost their jobs at collapsed banks Bear Stearns and Lehman Brothers.
China still a global draw
SHANGHAI - China continues to be an area of growth for global banks, despite widespread cuts elsewhere, with Goldman Sachs, Deutsche Bank and Standard Chartered all making key hires in that market.
Proprietary traders leave banks in search of 'hard cash'
LONDON - Foreign exchange and rates traders make up the majority of those looking to leave proprietary trading roles at banks, said Grant Ashton, managing director of London-based proprietary trading firm Infinity Capital Markets.
SocGen shakes up investment
NEW YORK - Société Générale Corporate and Investment Banking has named Liz Hogan and Jerome Jacques New York-based co-heads of fixed income, currencies and commodities (FICC) for the Americas.
BoA's Mandell joins RBS
NEW YORK - The Royal Bank of Scotland (RBS) has hired Bank of America's former head of sales for global rates, currencies and commodities (GRCC) and head of foreign exchange to spearhead the growth of its FX franchise in the Americas.
Natixis in Bear Stearns forex hiring spree
NEW YORK - Natixis has hired 17 foreign exchange staff from defunct US investment bank Bear Stearns to kick-start the expansion of its FX platform.
BoA in trans-Atlantic forex drive
LONDON & NEW YORK - Bank of America has bolstered its US and UK foreign exchange teams with newly created FX emerging market (EM) roles in New York and senior replacement hires in London.
StanChart outlines forex e-pricing and trading strategy
LONDON - Standard Chartered has provided further details about its e-forex pricing and trading strategy since promoting Todd McDonald to a newly created position as global head of foreign exchange electronic pricing and trading ( FX Week August 4).
GFT ups currency research
ADA, MICHIGAN - Online trading company GFT has strengthened its currency research team by hiring two senior staff from online news and information source Daily FX.
Saxo makes strategic moves
COPENHAGEN – Saxo Bank has appointed a new foreign exchange strategy chief in Copenhagen.
Structuring co-chief quits BarCap
LONDON – UK bank Barclays Capital has lost its global co-head of foreign exchange structuring, Philippos Kassimatis.
EU banks get London boost
LONDON – Deutsche Bank and Société Générale have bolstered their London teams with fresh hires in foreign exchange sales and trading, market sources tell FX Week.