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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.
Further changes at Bank of America
SINGAPORE – Ramanathan Madhavan Muckai, senior strategist, focusing on macro-economics, is the third departure from Bank of America's (BoA) currency strategy team in Singapore.
RBS sees change in sales
LONDON – Royal Bank of Scotland's sales team has seen changes recently with one appointment and a departure.
Further changes at SocGen
LONDON – Société Générale has yet again made changes to its management structure, as it tries to finalise the set-up of its forex desk.
Scandal-hit RBC loses Allen
LONDON – Mark Allen, head of FX for Europe and Asia at Royal Bank of Canada in London, has left the bank, the insitution has confirmed.
Calyon rejigs capital markets
LONDON – Calyon has reorganised its capital markets group under the auspices of new deputy chief executive officer Marc Litzler, following the departure of Omar Abukhadra, head of credit and equity.
Sumitomo reorganises treasury
LONDON – Sumitomo Mitsui Banking Corp (SMBC) in London has lost a number of FX spot traders, as the Japanese bank's treasury team undergoes a major facelift.
SuperD boosts sales team
GLOBAL – Pricing systems vendor SuperDerivatives has hired 12 sales people in Asia, Europe and New York as part of its plans for expansion.
BoA loses Singapore strategy team
SINGAPORE – Bank of America (BoA) has lost its currency strategy team in Singapore. Simon Flint senior currency strategist, left Bank of America Singapore last week the bank confirmed.
China names new FX chief
BEIJING – Chinese authorities have appointed Hu Xiaolian to head the country’s foreign exchange regulatory body, the State Administration of Foreign Exchange (Safe), according to local press last week.
NAB unveils latest changes
SYDNEY – National Australia Bank (NAB) has hired Peter Coad as general manager of its markets division. Based in Sydney, Coad will be responsible for leading the markets strategy at a global level. He will also be working with team heads that fall under…
Barclays Capital continues Asian FX build-up initiative
SINGAPORE – Barclays Capital (BarCap) has hired a number of staff from Deutsche Bank and Mizuho Bank in the Asia-Pacific, as it continues to build up its presence in the region.
Green light for Lloyds night desk
LONDON – Lloyds TSB Financial Markets Division (FMD) launches its London-based 24-hour forex trading desk on March 29.
DrKW continues hiring spree
LONDON – German bank Dresdner Kleinwort Wasserstein (DrKW) has made three senior appointments for its FX business in London.