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BoA keeps building
NEW YORK – Bank of America (BoA) is continuing the expansion of its FX capabilities with further growth in its sales team. Mark Rossi and Rodulphe Alexis started at the bank last week, reporting to Patrick Baune, head of sales at the bank. The pair join…
Deutsche Bank takes HSBC team for ICM Plus in Japan
TOKYO – Deutsche Bank has poached a four-strong FX sales team from HSBC in Tokyo as it builds up its client coverage in the country.
Merrill raids JP Morgan, again
LONDON – Three southern European FX sales staff have made their way to Merrill Lynch's EMEA strategic solutions group, following the US investment bank's raid on JP Morgan Chase.
CLS moves complete
LONDON – CLS Group is today naming Peter Slater as its new deputy chief executive officer of CLS Group and chief executive officer of CLS Services, following board approval.
Investec closes London corp desk
LONDON – Investec, the international specialist banking group, has closed its corporate FX desk in London.
Deutsche boosts London sales desk
LONDON – Deutsche Bank has boosted its London FX sales desk with two major hires in recent weeks.
SG CIB builds up proprietary forex trading desk in Asia
SINGAPORE & HONG KONG – SG Corporate & Investment Banking (SG CIB) has built up its proprietary trading desk in the Asia-Pacific region, with hires in Singapore and Hong Kong.
RBS Greenwich Capital shifts FX team
GREENWICH, CONNECTICUT – RBS Greenwich Capital is moving its FX operations from New York to its existing Greenwich headquarters this week.
TD London reorg complete
LONDON – Toronto Dominion has completed the reorganisation of its senior management team following the transfer of Moti Jungreis, new global head of wholesale forex, to Toronto ( FX Week , April 25).
Trio of departures from Citigroup
NEW YORK – Citigroup has lost another two FX staff in New York and one in London, following earlier departures and the closure of desks in continental Europe.
JPMC swoops on UBS pair
LONDON – JP Morgan Chase in London has made two major hires from UBS, as it starts to rebuild its forex team in the wake of recent departures.
One in, one out at RBC
LONDON AND TORONTO – Royal Bank of Canada (RBC) has made one new hire and seen one departure on either side of the Atlantic in the past two weeks.
DrKW adds in local and EM markets
NEW YORK – Dresdner Kleinwort Wasserstein (DrKW) has boosted its FX team with two hires from Lehman Brothers in the FX local and emerging markets desks.
BarCap continues global build-up
NEW YORK AND LONDON – Barclays Capital (BarCap) has made two hires in New York and London as it continues to build its global presence.
BTM becomes EBS Prime bank
Bank of Tokyo-Mitsubishi has become the first Asian institution to become an EBS Prime Bank. BTM will now be able to offer liquidity for spot FX dealing through the direct access platform on the EBS spot dealing system.
Board-level changes at Lehman Brothers
NEW YORK – Lehman Brothers, the US investment bank, has seen changes at board level following the promotion of Michael Gelband.
UFJ BTM merger: cuts likely
TOKYO – The merger of the Bank of Tokyo-Mitsubishi (BTM) and UFJ is likely to lead to large cuts to the UFJ forex team, according to market sources.
Deutsche loses staff across desks
LONDON – Deutsche Bank in London has haemorrhaged five foreign exchange staff from structuring, sales and trading in recent weeks. Jeremy Smart, director of FX structuring, who reported to Rhomiaos Ram, global head of complex risk, has been linked with a…
RBS builds e-commerce presence
NEW YORK & HONG KONG – Royal Bank of Scotland (RBS) is looking to expand its e-commerce presence around the globe with hires of sales staff in different continents.