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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.
Calyon expands flow trading
LONDON – Calyon, the bank formed from the merger of Credit Agricole Indosuez and Credit Lyonnais in April, has expanded its FX flow business, adding a three-strong team from National Australia Bank (NAB), a senior official told FX Week .
Bank of China opens in Bahrain
MANAMA – The Bank of China opened a representative office in Bahrain earlier this month, after it gained a banking licence from the Bahrain Monetary Agency (BMA) in April. The move marks the first entry to the Middle East and Northern Africa region by a…
Delelis rejoins the sell side
LONDON – Alain Delelis has returned to the sell side to join Bank of America in London as head of global spot and emerging market trading, the bank confirmed last week. Delelis is the latest in a string of 13 hires made since Christiane Mandell became…
BarCap opens office in Boston
Boston – Bob Diamond, London-based chief executive officer of Barclays Capital, opened the bank’s new Boston sales office earlier this month, marking the bank’s first local entry to the fund-rich north-east region of the US.
SG names treasury, fixed income and derivatives head
Paris – SG, the corporate and investment banking arm of French bank Société Générale, has promoted Grégoire Varenne to head of fixed income and derivatives, commodities and treasury for Europe and Asia.
StanChart names new Asia line-up
HONG KONG – Standard Chartered has promoted two forex managers to replace global markets trading head John Tan, who recently left the bank in Hong Kong.
DrKW expands French sales
PARIS – Dresdner Kleinwort Wasserstein (DrKW) has added to its capital markets team in Paris. The expansion will help the bank deal with growing business it has seen since it started integrating its fixed-income and equity dealing desks two years ago,…
JPMC’s merger plans revealed
NEW YORK – JP Morgan Chase’s plans to absorb Bank One’s global foreign exchange trading business became clear last week, following the completion of the US banks’ merger on July 1.
ABN hires Italian chief
LONDON – ABN Amro has hired Alberto Matta for a newly created role as head of financial markets and public sector (Fips) distribution for Italy.
AIG restaffs FX post-merger
LONDON – Banque AIG, a subsidiary of AIG Financial Products, has hired six sales and trading specialists in a bid to upgrade the FX component of its cross-product service.
SG adds again in German sales
LONDON – Roman Stauss joined SG Corporate & Investment Bank (SG CIB) in London on June 28 as an FX sales dealer covering German and Austrian corporate clients. He reports to Jean-Philippe Castellani, London-based deputy head of FX sales for Europe, and…
RBC adds for institutional sales
TORONTO – Royal Bank of Canada Capital Markets has hired two FX sales dealers in New York and relocated a third to Sydney.
BarCap builds Asia-Pacific FX
SINGAPORE – Barclays Capital is building its corporate and bank FX sales coverage in Asia Pacific under new corporate FX chief for the region Lutfey Siddiqi.
Merrill boss adds ex-colleagues
NEW YORK – Merrill Lynch's new global FX chief, Stephen Kemp, has hired three former colleagues from Morgan Stanley, the bank he left last April in order to join Merrill.