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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.
McKenzie resurfaces at Lava Trading
NEW YORK – Allan McKenzie has joined US-based vendor Lava Trading as head of EMEA sales for LavaFX in London.
Landesbanks hit by EU ruling on credit ratings
MUNICH – Landesbanks are facing a significant loss of FX business from July, as EU rules will hit their credit ratings.
Swedish minister’s euro warning
STOCKHOLM – The Swedish decision to stay out of the euro will lead to vulnerability for the currency and economy, according to Pär Nuder, Swedish minister of finance.
Refco moves staff from Vienna to London
LONDON – Refco Group, the US brokerage firm, has relocated another three FX traders to London from its Vienna office.
Q&A: John Nelson
To mark 15 years of FX Week , we carry a Q&A with our first subscriber, look at three major pairs opposite and run three of the key stories shaping the industry
Changes at ABN Amro
AMSTERDAM – ABN Amro has made a number of changes to the senior management of its FX team and is restructuring its Asian operations.
RBS increases sales force
LONDON AND MADRID – Royal Bank of Scotland (RBS) has made two new appointments in London and Madrid as it continues to build up its European sales presence.