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Merrill Lynch reshuffles London forex sales structure
LONDON – Merrill Lynch has reorganised its London-based forex sales team, as it shifts away from a regional structure to a client-focused one.
Dresdner rebuilds global forex business
LONDON, FRANKFURT & SINGAPORE – Dresdner Kleinwort has rebuilt its foreign exchange business, with 13 new hires.
JP Morgan loses three, hires one in forex
NEW YORK & SINGAPORE – JP Morgan has lost three members of its FX team in New York and London.
Bear Stearns realigns forex, rates and credit
NEW YORK, LONDON & HONG KONG – Bear Stearns has made several strategic hires to drive the consolidation of its global credit, FX and rates business into three major regional trading groups in Europe, Asia and the US.
Dresdner loses three in Moscow and Singapore
MOSCOW & SINGAPORE – Dresdner Kleinwort is understood to have lost three members of its FX team in Moscow and Singapore.
BNP Paribas gains in London, loses in Paris
LONDON & PARIS – BNP Paribas has appointed Peter Snasdell to a senior FX sales role in London.
HSBC hit by departures in FX
LONDON & HONG KONG – HSBC's international FX operations saw the loss of a number of staff last week.
BarCap gains and loses in EM
LONDON – Barclays Capital has made a gain and a loss on its emerging markets options desk in London, indicating the competitive landscape for emerging markets traders.
HSBC hit by departures in FX
LONDON & HONG KONG – HSBC's international FX operations saw the loss of a number of staff last week.
BarCap loses three in Asia
HONG KONG – Barclays Capital has lost three members of its foreign exchange team in Asia, market sources told FX Week .
BoA hit by spate of forex departures
LONDON & NEW YORK – Gaps are widening within Bank of America's FX operations, with a flood of departures last week.
Bear Stearns poaches senior BNP Paribas staff
PARIS – Bear Stearns has hired two senior FX staff from BNP Paribas, as part of plans to launch its FX business in Paris, market sources say.
ABN Amro relocates Asia G11 FX business
SINGAPORE - ABN Amro has relocated its G11 FX business to Singapore from Sydney as it continues to centralise sales and trading in regional centres.
Gains and losses at Credit Suisse
LONDON - Credit Suisse lost three members of its UK sales team in London last week.
Gains and losses at Credit Suisse
LONDON - Credit Suisse lost three members of its UK sales team in London last week.
BarCap hires Lehman hedge fund FX chief
GLOBAL – Graham Bibby, head of FX hedge fund sales at Lehman Brothers, is understood to have left the bank for a similar position at Barclays Capital.