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New RBC bullion team takes shape
LONDON – Jason Henderson is to move to London in January to head RBC Capital Markets' bullion team, which opens as a market maker on December 1.
Commerzbank "exits London"
LONDON – Commerzbank is to close its trading and sales forex operations in London.
UBS holds onto pole position
LONDON – UBS is the top-rated bank in FX, according to the 1400 voters in FX Week's 10th annual survey of the market.
RBC restructures forex desk
TORONTO – Royal Bank of Canada (RBC) has restructured its foreign exchange desk following the departure of managing director of FX Rob Wittmann.
StanChart China head resigns
HONG KONG – Standard Chartered's top man for greater China in Hong Kong, Peter Wong resigned from the bank last Monday, November 15 effective from November 19. Wong's departure comes at a controversial time for the bank which a week prior said it would…
All change as ANZ restructures
MELBOURNE – Rick Sawer, managing director of ANZ's foreign exchange and commodities division is to leave the bank following a decision to restructure the business.
UBS holds onto pole position
LONDON – UBS is the top-rated bank in FX, according to the 1400 voters in FX Week's 10th annual survey of the market.
HSBC rings the changes
LONDON – HSBC has seen a number of changes in its sales team. The bank has hired Alessandro Cataldi from Bank National De Lavoro, Mirea Sitjas-Montaner from Deutsche Bank and Stephane Verhelst from Dresdner to work in its European bank sales team. The…
Lehman to offer onshore forex derivatives in Korea
SEOUL – Lehman Brothers has transferred JS Kim, a senior vice-president in fixed income from Tokyo to Seoul, in preparation for the launch of its onshore FX and interest rate derivatives business in the country.
BoA loses French corp sales dealer
LONDON – Olivier Brouet has left Bank of America (BoA) in London, where he worked in FX sales to French corporates, reporting to Kai Fisher, head of European FX corporate sales. A bank official said Brouet has not been replaced but declined to comment…
Merrill man takes on NAB's troubled FX group in Sydney
SYDNEY – National Australia Bank has hired Jeff Lee to take on the management of its troubled FX business in Sydney.
Commerz braces for cuts
SINGAPORE – Commerzbank's integration of its investment banking and capital markets units is likely to force some FX job cuts, said a source close to the bank in Singapore.
Harry Culham joins Dresdner
LONDON – Ex-Merrill Lynch FX chief Harry Culham is joining Dresdner Kleinwort Wasserstein in London to take on global FX for the bank, following the departure of Jorge Villon.
Tech firms spread out
LONDON/NEW YORK – Two FX technology firms have moved into new offices to cope with expanding staff numbers.
Prebon to take lead in Asia
SINGAPORE – Prebon Yamane looks set to take the lead in the merger with Tullett Liberty in the Asia-Pacific region, as a result of its strength in emerging markets and options, said local market participants.
BNP Paribas hires head of French sales
PARIS – Thomas Geist has joined BNP Paribas in Paris as head of FX sales to French financial institutions, reporting to Paris-based François Boisson, head of FX sales to financial institutions.
RBS boosts German sales staff
LONDON – Royal Bank of Scotland (RBS) is to increase the German FX sales headcount at its London office in the first quarter of 2005, in a move to expand its coverage of the region.
JPMC to reshuffle research group
HONG KONG – JP Morgan Chase is reorganising its Asia economics and credit & rates research teams. The move is part of a transitional phase in light of the departure of Bill Belchere, head of Asia economic research and market strategy, at the end of the…
Public sector holds back on FX
LONDON – Public sector companies may be holding back on using currency derivatives until they fully understand the implications of the new IAS 39 accounting standard, which comes into force in early 2005, and how the implications of reporting under the…
BoA loses three FX staff in London
LONDON – Three FX staff members have left Bank of America in London in the past two weeks, following a series of high-level departures earlier this year.