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BNP loses emerging markets head
LONDON -- Angus Galletley, head of emerging markets at BNP Paribas in London, has left the bank. Galletley was head of EM local markets and options for central/eastern Europe at the French bank.
Further departures at Morgan Stanley
LONDON -- Morgan Stanley’s recent FX staff exodus continued with the departure of another two in sales following two leavers last week.
eSpeed builds in forex
LONDON -- Technology vendor eSpeed has boosted its London office with three major hires.
Refco hires again – in New York
NEW YORK – Refco Group has added two new faces to its FX institutional sales team in the US, following the recent launch of its revitalised platform Refco FX ProTrader ( FX Week , December 20, 2004).
Prebon suffers further blow
LONDON – Prebon Yamane has suffered further blows in London, as parent Collin Stewart Liberty (CST) has rationalised the G7 currency options arena leading to the departure of a number of former Prebon staff.
Major rejig at Merrill desk in NY
NEW YORK – Merrill Lynch has seen significant changes to its FX desk in New York, following the departures of two managing directors.
Fixed-income reorg for BNP
LONDON/NEW YORK/TOKYO – BNP Paribas is set to reorganise its fixed-income business in a bid to breathe new life into the business.
Dresdner misery continues
FRANKFURT – The recent exodus from Dresdner Kleinwort Wasserstein has continued, with two more departures in the past month.
NAB rejig continues
SYDNEY – National Australia Bank (NAB) has continued its rebuilding process by hiring David Hicks as an Australian dollar forwards dealer.
CST merges G7 currency options desks
LONDON & SINGAPORE – Colin Stewart Liberty has merged the G7 currency options desks of Tullett Liberty and Prebon Yamane in London and Asia, FX Week has learned.
LloydsTSB adds to FX team
LONDON – Lloyds TSB Financial Markets has added to its London FX sales team in an effort to further penetrate the UK and European markets, said Jeremy Hodges, head of FX sales at LloydsTSB in London.
UBS bolsters its forex team
LONDON – UBS has started a ‘mini-restructure’ by adding to its London foreign exchange team.
Reshuffle at SG CIB
LONDON – SG Corporate and Investment Banking has confirmed changes to its team globally, with senior management moves around the globe.
Ex-NAB traders charged
MELBOURNE – Four traders were charged last month for their involvement in the A$360 million rogue trading scandal uncovered at National Australia Bank last year.
StanChart in global sales push
SINGAPORE – Standard Chartered has carried out a major restructuring of its sales team in a bid to boost growth, according to David Carr, global head of sales and e-commerce at the bank in Singapore.
German turnover continues
FRANKFURT – The swift movement of German bank forex staff has continued into 2005, with Commerzbank's high-profile hire of Klaus Hoffmann, chief trader from rival Dresdner Kleinwort Wasserstein (DrKW) in Frankfurt.
Refco hires in London
LONDON – Refco Group, the US FX prime brokerage firm, has made three new hires to its FX sales team to join in the coming weeks, and one internal hire in a bid to build platforms such as FXProTrader.