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August leaves Merrill for TD Securities
LONDON - Mark August, former head of UK real-money business, Europe, Middle East and Africa (EMEA), at Merrill Lynch in London, has been hired by TD Securities as managing director and head of institutional foreign exchange distribution for Europe.
Schiff quits Newedge
CHICAGO & NEW YORK - Ryan Schiff, recently appointed Chicago-based global head of liquidity at the newly merged Fimat and Calyon Financial entity, Newedge, has quit the company to join rival institutional broker MF Global.
Merrill Lynch culls global head of forex position
LONDON - Merrill Lynch embarked on yet another change in strategy for foreign exchange by making the global head of foreign exchange role, held by Harry Culham in London, redundant last week.
Deutsche appoints new spot and options head
LONDON - Deutsche Bank has named Rob Mandeno as its global head of foreign exchange spot and options, based in London.
Ex-BNP FX head joins Bear
LONDON - Bear Stearns has realigned senior foreign exchange management in Europe, with Loïc Meinnel, former global head of FX at BNP Paribas, taking the helm in London.
US banks in management shake-up
GLOBAL - Lehman Brothers and Merrill Lynch have seen a shake-out of senior management globally as the banks began paying out bonuses last week.
BGC loses FX chief but gains e-commerce head
LONDON - Interdealer broker BGC Partners has lost its London-based managing director of foreign exchange, but has strengthened its e-commerce capabilities with a key hire in the City.
Lehman gains from CBA split
SYDNEY - The Commonwealth Bank of Australia's (CBA) decision to split its global markets and treasury business is playing into the hands of local competitors Lehman Brothers and the National Australia Bank.
Saxo in executive shake-up
COPENHAGEN - Christian Frahm, senior executive director and head of Europe, excluding UK and the Middle East, at Saxo Bank in Copenhagen, left the bank last month.
StanChart hires options chief from Credit Suisse
NEW YORK - Standard Chartered has hired its new head of flow business for its foreign exchange options trading desk in New York from rival bank Credit Suisse.
Plain vanilla no longer flavour of the month
LONDON & NEW YORK - Foreign exchange staff working in plain vanilla trading and sales will need to look out for their jobs in 2008, as banks reduce hires, recruitment consultants tell FX Week .
StanChart names flow head
SINGAPORE - Standard Chartered has named its new global head of flow foreign exchange options trading, a year after Richard Leighton was promoted to London-based global head of FX from a role as global head of FX options.
Banks expand Asia research
SINGAPORE & HONG KONG - Asian analysts are in hot demand as a number of banks build up Asian research teams to match client interest in the region's emerging economies.