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BGC to hire 25 in spot forex
LONDON – Spot brokers are the initial target of Cantor Fitzgerald's upcoming recruitment spree for FX, as it prepares to spin off new voice broker BGC Partners, said an official at the firm last week.
TD Securities reshuffles in London
LONDON – TD Securities has reorganised forex management in London in order to build its emerging market desk.
SG's Grieb to manage investment banking in Prague
PRAGUE – Jurgen Grieb, formerly head of FX and derivatives sales for Société Générale in London, moves to Prague this week to become head of investment banking at SG CIB in the Czech Republic
Foley to launch Gelber FX desk
CHICAGO – Bank One's former forex options chief Justin Foley is joining Gelber Trading, a division of Chicago-based trading firm Gelber Group, to set up a new FX desk in September.
Boom time for research staff
LONDON – FX strategists are finding themselves in demand as a result of a prolonged period of seat switching across banks globally. The latest moves underline the importance banks place on research as a driver of growth of their businesses.
Two more quit Westpac London
LONDON – Two more senior forex managers have left Westpac in London, adding to the loss of co-head of global institutional foreign exchange, David Beale earlier in August.
BNP beefs up NY trading capabilities
NEW YORK – BNP Paribas has made seven appointments to its interest rate group in New York, headed by Zbigniew Ryzak. Nick Moore and Matthew Thomas move from the London office in trading roles. Moore becomes global head of US dollar vanilla options…
Lloyds hit by treasury departures
LONDON – Lloyds TSB's treasury sales team has been hit by two senior departures just as the bank has boosted its regional presence.
Westpac transfers sales chief
LONDON – Westpac's Hugh Killen is relocating from Sydney to London to take on sole responsibility for global institutional foreign exchange sales, following the departure of former co-head David Beale.
BarCap hires IR derivatives team
LONDON – Barclays Capital has made two interest rate derivatives appointments in London.
No vote sustains Scandi dealers
LONDON – Scandinavian, and particularly Swedish, FX sales staff are in demand nearly one year on from Sweden's referendum ruling out the imminent introduction of the euro.
Calyon consolidates in Asia
TOKYO – Calyon has consolidated its Asian FX options business in Hong Kong following the merger between Credit Agricole Indosuez (CAI) and Credit Lyonnais that formed the new bank in May.
LB nabs Goldman sales chief
LONDON – Mike Burton, head of FX institutional sales at Goldman Sachs in London, has left the bank after a 10-year career there.
Recruitment lures bank dealers
LONDON – Growing numbers of FX dealers are leaving banks to join recruitment firms, as demand for specialist FX consultants grows.
ABN Amro adds 10 traders
AMSTERDAM – ABN Amro has added 10 FX traders in Amsterdam, London and Chicago, in response to "escalating cash and derivatives FX trading volumes", according to the bank.
UFJ’s FX in peril post-merger
TOKYO – It has only been a matter of weeks since UFJ Holdings and Mitsubishi Tokyo Financial Group (MTFG) announced the start of discussions over management integration. But analysts are already speculating over the potential impact the merger of the two…
Calyon adds four in options
LONDON – Calyon has made four hires to its global FX options trading team in New York and London, said Derek Sammann, global head of FX options at Calyon in London.
NAB hires Bank One trader
LONDON – National Australia Bank has hired Andrew Smith in London to trade a number of products, including FX, said a senior official.