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JP Morgan loses two in London
LONDON – JP Morgan Chase has lost another two members of staff from its London office. Tracey Rodriguez has resigned from her role as a senior salesperson, covering interest rate products and reporting to desk head Sikander Ilyas.
Westpac building global presence
SYDNEY AND LONDON – Westpac has made an addition to its FX desk and relocated two staff to its London office as it continues to build its global FX presence.
Technology forcing change in forex staff skills set
LONDON – The rapid pace of technological change is leading to a ‘paradigm shift’ in how foreign exchange staff are employed, according to Ray McKenzie, director of forex products at the Chicago Mercantile Exchange (CME).
BNP completes FX changes
PARIS – BNP Paribas has restructured its FX desk, following on from the wider changes made during the fixed-income reorganisation earlier this year ( FX Week , January 24).
Further departure at CBA
LONDON – Commonwealth Bank of Australia (CBA) in London has lost another senior member of staff, with the departure of Jonathan Klein, head of investor sales, client acquisitions, Europe.
NAB in global build-up
SYDNEY AND NEW YORK – National Australia Bank (NAB) has made myriad hires to its global FX team, as it continues rebuilding the business following last year’s notorious rogue trading scandal.
DrKW adds two in London
LONDON – More FX sales team hires have been made at Dresdner Kleinwort Wasserstein (DrKW) in London, adding to the 20-plus hires it has made globally since its restructuring late last year.
BNP loses sales head
NEW YORK – Drew Gross, head of North American FX sales at BNP Paribas in New York, has resigned from his role, FX Week has learned.
Deutsche builds in FX
GLOBAL – Deutsche Bank has made a series of hires to build up FX globally.
French revolution in London
PARIS AND LONDON – French sales staff are in demand, as a number of banks look to penetrate a market made difficult by sophisticated, price-aware clients.
SEB creates hedge fund team
STOCKHOLM – SEB is to set up a new sales desk to focus on building its hedge fund clients, according to global head of FX Marcus Nysten.
Forex first for Korea First Bank
SEOUL – The purchase of Korea First Bank (KFB) by Standard Chartered is set to create the biggest FX desk in Korea, according to senior representatives at both banks.
DrKW rebuilds FX team
LONDON – Dresdner Kleinwort Wasserstein (DrKW) continues to rebuild in forex following a series of departures at the bank last December.
Senior changes at TD Securities
TORONTO & LONDON – TD Securities' foreign exchange team has undergone a major change at senior level, following the departure of Cliff Feehan, global head of wholesale forex at the Canadian bank in Toronto.
NAB revamping and re-opening foreign exchange options desk
MELBOURNE – National Australia Bank (NAB) will reopen its FX options desk on May 9, following its closure after last year's trading scandal ( FX Week , January 19, 2004).
Icap and CST settle dispute out of court
HONG KONG – Interdealer brokers Icap and Collin Stewart Tullett (CST) have settled a legal dispute over the defection of 25 staff from CST to Icap, confirmed a CST spokesperson.
StanChart beefs-up trading
LONDON – Standard Chartered has seen developments in its trading team with two arrivals and a departure.
Bear Stearns rejigs London and New York forex desks
LONDON AND NEW YORK – Bear Stearns has made a number of changes to its FX desks in London and New York as it builds in some areas while losing staff in others.
Sabbaticals gain approval
LONDON – The FX industry has seen a number of high-profile figures taking time out of the industry in recent months, with market participants saying sabbaticals would be a healthy option for the industry.