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JP Morgan adds to FX and commodities
LONDON – JP Morgan has made four hires in FX in London.
FX advisory tops pay bracket
NEW YORK – FX advisory roles in the US have seen significant salary increases due to the changing nature of the job, according to a recent survey.
Bear Stearns beefs up forex team
LONDON – Bear Stearns has made two new FX hires in London and plans for a further two in the near future.
TD hires in London and Toronto
TORONTO & LONDON – TD Securities has beefed up its global team with two new hires in Toronto and London.
More changes at Lehman
LONDON – Lehman Brothers’ foreign exchange team has undergone further changes with two senior departures and a number of hires.
Merrill hires two from JP Morgan
LONDON – Merrill Lynch has again boosted its EMEA FX team with the hire of Richard Longmore and Sandra Brown from US rival JP Morgan.
Deutsche Postbank loses staff post ING-BHF Bank acquisition
LONDON – Deutsche Postbank, which bought ING-BHF Bank in London on January 1, is understood to have lost several in its FX dealing room team since the acqusition.
Danske relocates sales head
NEW YORK – Sander Fynboe, global head of sales at Danske Bank in New York, is transferring to the London office, the bank has confirmed.
Merrill Lynch hires globally
NEW YORK – Merrill Lynch has boosted its global trading desks with appointments across three continents.
FX faces employee shortage
LONDON – The FX industry could face an employee shortage unless banks start recruiting younger staff, say market participants.
HSBC adds in FX options
LONDON -- HSBC has gazumped Goldman Sachs in hiring Patrick Schartner for its sales team.
BoA continues FX hiring spree
NEW YORK & LONDON -- Bank of America (BoA) has announced more changes on both sides of the Atlantic as it continues its new year hiring spree.
Lloyds TSB to open night desk
LONDON -- Lloyds TSB will be opening a forex night desk in March as part of its continued expansion into FX.
Wachovia adds in UK and HK
LONDON & HONG KONG -- Wachovia Bank is continuing its expansion in Europe and Asia with two recent hires.
NAB gears up for forex options restart
SYDNEY -- National Australia Bank (NAB) has hired in preparation for the re-launch of its forex options desk, following its closure last year as a result of a trading scandal.
ABN begins restructuring
LONDON -- ABN Amro’s restructuring has led to the first forex casualties.
Trio departs Lehman Brothers
NEW YORK & LONDON -- Lehman Brothers is the latest bank to see high-profile departures from its desk, with the exit of three senior members of staff.
Lebanese central bank to keep currency stable
BEIRUT -- The Central Bank of Lebanon has vowed to keep the Lebanese pound stable, after last week’s assassination of former prime minister Rafiq Hariri.
Banks focus on mid-caps
LONDON -- Commercial banks are focusing more on mid-cap corporates this year as an alternative to the ‘over-banked’ blue chip firms, say market participants.