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Lehman hires new trade head
NEW YORK – Lehman Brothers has hired Jason Margiotta as head of forex forwards trading, New York, FX Week understands.
Citi continues Vasp build-up
LONDON – Citigroup has made two hires as it builds its FX risk advisory and structured products teams in London. Both teams sit within the bank's value-added services and products group (Vasp) which it established a year ago ( FX Week , September 20,…
Icap takes on Prebon's rate derivatives team in Sydney
SYDNEY – Interdealer broker Icap is to take on the former Sydney-based interest-rate derivatives team of Prebon Group, which was bought by London-based financial services group Collins Stewart Tullett in October 2004.
DrKW targets digital markets division
GLOBAL – German investment bank Dresdner Kleinwort Wasserstein (DrKW) is establishing a new digital markets division aimed at developing and operating electronic and web-based trading, execution and analytical services for FX and other asset classes.
RBS hires Japan eCommerce head
TOKYO – The Royal Bank of Scotland Financial Markets has hired Junko Kawada as head of eCommerce sales, Japan, as part of efforts to build its eCommerce business in the region.
Saxo adds three to Copenhagen team
COPENHAGEN – Danish FX specialist Saxo Bank has made three additions to its institutional sales and strategy teams in Copenhagen.
Calyon builds options franchise
HONG KONG & LONDON - Calyon has expanded its global FX options franchise by building up its structuring and trading capabilities in Asia and Europe.
StanChart hires more in Asia
SINGAPORE, HONG KONG - Standard Chartered has continued to hire for its FX business in Asia, with the appointment of a senior dealer and head for trade finance.
UBS's corp sales head to depart
SYDNEY AND LONDON - UBS has undergone major changes in foreign exchange globally, with a change to the global head of corporate FX and a promotion in the structuring group.
BNP continues sales build-up
LONDON - BNP Paribas has further boosted its London FX team with two new hires.
BNP appoints head of e-commerce
NEW YORK & LONDON – BNP Paribas has boosted its global forex team by making two hires in New York and London.
Global FX sales reorg at Deutsche
LONDON & NEW YORK – Deutsche Bank has made changes to senior management in its global FX sales team following the retirement of global head of FX sales Dan Almeida last month.
Aussie/Kiwi influx keeps lid on spiralling London salaries
LONDON – The steady flow of Aussie and Kiwi staff into London's FX arena has helped keep a lid on spiralling wages, according to market participants.
BoA's Nutland defects to Calyon
LONDON – Steve Nutland, head of trading at Bank of America (BoA) in London, has left after almost six years, the bank has confirmed.
BoA build-up complete
LONDON – Bank of America (BoA) has completed its planned build up this year with a hat trick of senior hires on its emerging markets trading desk.
BNP and RBS boost bank sales
GLOBAL – BNP Paribas and Royal Bank of Scotland (RBS) have boosted their presence in the financial institutional forex space by opening a new desk and hiring new staff, respectively.
Dresdner continues FX restructure
LONDON – Dresdner Kleinwort Wasserstein (DrKW) has seen the departure of three members of its foreign exchange sales and trading team, as the bank continues to restructure its FX desk.
Citi extends structuring
NEW YORK – Citigroup has extended its structuring capabilities by setting up a group dedicated to providing derivatives-based solutions for clients.
One in, one out at Deutsche
LONDON – Deutsche Bank has hired Chris Collings as a director with a specialty in strategic corporate structuring. He will be a specialised resource for all the regional FX structuring teams and corporate coverage. Collings was previously part of the…