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Goldman forex chief retires
NEW YORK – Industry veteran Peter Gerhard has retired from his post at Goldman Sachs, after 23 years there.
Forex head leaves RBC Capital Markets
TORONTO – RBC Capital Markets' most senior member of foreign exchange staff has left the bank, a source on the desk has confirmed.
BGC poaches seven from IFX
LONDON – A seven-strong sales and trading team are understood to have quit IFX Markets – the London-based financial trading and spread-betting company – last Friday.
New service from IF
LONDON – IFX markets is set to launch a money management service aimed at third-party clients in the new year.
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.