People
ABN loses head of spot
LONDON AND AMSTERDAM – Turnover at ABN Amro has continued apace, with a senior departure and two promotions and at the Dutch bank.
Refco exodus begins
LONDON - US brokerage firm Refco has seen the first known departures in the wake of the scandal that rocked financial markets last month.
Lloyds makes senior hire
LONDON - Lloyds TSB has boosted its London financial markets division (FMD) with a senior appointment.
HKMA's Yip moves on
HONG KONG - The Hong Kong Monetary Authority saw a changing of the guard on its reserves management team as Amy Yip, executive director, handed over the reigns to Francis Chu.
Commerzbank builds sales desk
FRANKFURT – Commerzbank is looking to boost its distribution in Europe with the hire of a new head of sales in Frankfurt.
ING boosts FX research with senior strategy hire
LONDON – ING Bank's financial markets division has enhanced its FX research offering with a senior hire.
Wanted: structurers who can sell
LONDON – FX structurers who can sell FX products to clients are increasing in demand, yet the dearth of available talent in this space will remain into next year, say market participants.
BNP to target real-money sales in 2006
LONDON – BNP Paribas is to invest heavily in the real-money space early next year, as it looks to gain traction in an area where the bank has so far had limited presence.
Trading places
BMo in capital markets rejigBank of Montreal (BMo) in Toronto has undergone a major restructure in capital markets at senior level following the retirement of its head, David Hyma.
Global change at DrKW
LONDON & SINGAPORE – Dresdner Kleinwort Wasserstein’s (DrKW) global forex strategy team is undergoing a realignment.
CIBC reorg sparks departure
TORONTO – The Canadian Imperial Bank of Commerce (CIBC) has undergone an internal restructure in its foreign exchange team, which has resulted in one senior departure.
City salaries follow firm upward growth pattern
LONDON – Senior-level salaries in the City experienced an increase of 9.2% on the previous year, while average salaries have risen by 7%, according to research from recruitment firm Morgan McKinley.
GFI completes FX options desk restructuring in Asia
SINGAPORE – GFI has completed the reorganisation of its FX options desks in Asia, after hiring a five-strong FX options team from Tullett Prebon in July.
Fimat signs four traders from Cargill
NEW YORK AND LONDON – Fimat, the brokerage arm of SG CIB, has boosted its global foreign exchange trading team with four new hires from Cargill across both sides of the Atlantic, it has confirmed.
Travelex adds more in Asia
SINGAPORE – Travelex, the global FX specialist, has continued its global expansion, opening an enlarged trading floor in the Lion City, where it has doubled the number of traders.
Shell takes over Deutsche Bank prime brokerage
NEW YORK – Deutsche bank has replaced Andrew Coyne, head of prime brokerage, with North American currency sales and trading head Jason Shell.
ABN Amro touts for professional trader business
SINGAPORE – ABN Amro has opened a professional traders centre (PTC) in Singapore to offer proprietary and institutional traders access to the global exchange-traded derivatives markets.
StanChart poaches HSBC trio
HONG KONG – Standard Chartered has hired three FX sales staff from HSBC in the Special Administrative Region.