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An unseasonal game of musical chairs
As we enter the summer months the unseasonal slew of hiring and restructuring looks unlikely to abate. Considering these functions are usually done and dusted by May, it is curious that a number of banks are just trying to begin new ideas at this point…
UniCredit continues recruitment drive
UniCredit has made further additions to its global FX team, making hires from three rival banks. It has confirmed that Mark Sweeting will begin a new role as head of real-money sales for the UK and US in September.
Best to return to State Street from JP Morgan
NEW YORK – Stephen Best, former global head of e-commerce at JP Morgan in New York, is due to resurface at State Street, the bank has confirmed.
SEB introduces worldwide senior management changes
LONDON, STOCKHOLM & NEW YORK – Skandinaviska Enskilda Banken (SEB) has undergone a reshuffle of senior FX management.
Citi forex teams in London and Paris suffer losses
LONDON & PARIS – Citi has suffered two losses at its FX trading and sales teams in London, and is believed to have lost a third man in Paris.
HSBC suffers losses in New York, London and Bristol
LONDON, BRISTOL & NEW YORK – HSBC is said to have lost members of its global FX team in three cities.
FXMS embarks on global push
LONDON, CHICAGO & NEW YORK – Eight new roles have been created at Reuters and CME joint venture FXMarketSpace (FXMS), to drive the platform's continued global expansion.
Trading Places
HSBC, Joseph De Feo, Merril, Nixon, Citi, Bear Sterns, Credit Suisse, Calyon, RZB, WestLB, ANZ, CMC
Lehman set to capitalise on FXCM
LONDON & NEW YORK – Lehman Brothers is in the running to acquire a 35% stake in online currency trading platform FXCM, FX Week has learned.
Lehman set to capitalise on FXCM
LONDON & NEW YORK – Lehman Brothers is in the running to acquire a 35% stake in online currency trading platform FXCM, FX Week has learned.
BNP hires in structuring
LONDON – BNP Paribas has created four fixed-income structurer roles in London as part of a drive to build this area of the bank's business.
Trading places
Citi, Credit Suisse, Merrill, Cottle, ABN Amro, BarCap, Nomura, GFI, Akass
Royal Bank of Scotland makes senior hire in Asia
HONG KONG & SEOUL – The Royal Bank of Scotland (RBS) has hired Water Cheung as head of treasury investor products.
Saxo continues Asia expansion in Singapore
SINGAPORE – Saxo Capital Markets, the Asian subsidiary of Saxo Bank, is continuing to expand its footprint in the Asia-Pacific region, with two key appointments in Singapore.
BNP hires two US rates heads
NEW YORK, LONDON & PARIS – BNP Paribas has boosted its New York rates and London commodities businesses, but is said to have lost in French FX sales.
ABN Amro loses sales staff amid merger talks
LONDON & FRANKFURT – ABN Amro has seen departures from its London and Frankfurt sales desks in the run-up to the bank's proposed merger with Barclays.
UBS hit by base metal departures in London, NY
LONDON & NEW YORK – UBS is said to have suffered a blow to its base metals business with departures in London and New York.
Commerzbank continues EM expansion
FRANKFURT – Commerzbank has re-hired Frank Berger as head of emerging markets FX forwards in Frankfurt, as it continues to expand its EM capabilities.