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Commerzbank's Nick Parsons takes on ALM strategic trading
LONDON – Nick Parsons, chief currency strategist at Commerzbank in London, is moving to become strategic trading manager on July 1, a spokesperson for the bank told FX Week .
DrKW launches Nordic team
LONDON – Dresdner Kleinwort Wasserstein (DrKW) has hired three dealers in London for a new Nordic financial institutions derivatives marketing team. The team, which joins Dresdner from a range of top-tier banks, will market the bank's range of…
BoE's Black Wednesday FX chief joins macro hedge fund
LONDON – William Allen, the Bank of England's foreign exchange chief during 'Black Wednesday' in 1992, has joined a hedge fund.
RBC launches China sales team
HONG KONG – Royal Bank of Canada Capital Markets (RBC CM) is launching a new cross-product sales group for Chinese clients.
NAB hires senior managers in Asia
TOKYO – National Australia Bank (NAB) has made two senior appointments in Asia. Shinya Fukumoto joins in Tokyo as director and head of capital markets, Japan, from TD Securities, where he has worked for 10 years, most recently as a director in strategic…
UBS loses two in fund sales
STAMFORD – UBS lost two from its institutional sales team in Stamford, Connecticut last week, a spokesperson for the bank told FX Week .
RBS hires four in FX and rates
LONDON – The Royal Bank of Scotland has made four senior hires in its FX and rates business in London.
Overlay staff in short supply
NEW YORK – Demand for currency overlay is outstripping the supply of available managers, as the boom in investors managing currency continues.
StanChart adds for global sales
SINGAPORE – Standard Chartered last week confirmed three hires to its global sales team, reflecting growing client business in both Asia and Europe, said David Carr, global head of sales and e-commerce at StanChart in Singapore.
SinoPac expands exotics trading
TAIPEI – Taiwan-based Bank SinoPac is on the look-out for traders to bolster its newly launched exotic options trading business in Taipei.
FX Concepts hires in options
NEW YORK – FX Concepts, a New York-based currency manager, has hired two options specialists to enhance its quantitative research, FX options and non-directional strategies management.
ABN adds in hedge fund sales
LONDON – ABN Amro has hired two dealers to its European hedge fund sales team in London.
Citigroup restaffs Singapore sales
SINGAPORE – Citigroup has rehired to fill a void in its Singapore institutional sales team after a team of three defected to Barclays Capital.
StanChart hires hedge fund sales chief
SINGAPORE – Standard Chartered in Singapore has hired Michael Drennan as head of global hedge fund sales. The newly created position reflects increased client demand in the sector, said David Carr, global head of sales and e-commerce at StanChart in…
Westpac makes Singapore inroads
SINGAPORE – Westpac has hired Henry Young as head of Asian institutional FX sales, based in Singapore, as part of an expansion of the bank’s FX business in the region. Young, who starts at the Australian bank in mid-June, joins from Barclays Capital in…
DrKW hires but gaps remain
LONDON – Dresdner Kleinwort Wasserstein has hired 10 in global FX sales and derivatives in the past month, but is still yet to fill gaps in senior management created by recent departures.
Calyon retains CAI EM team
LONDON – Calyon, the bank created from the merger of Credit Agricole Indosuez (CAI) and Credit Lyonnais (CL) in April, is retaining an almost unchanged global emerging markets trading team from CAI, a senior official told FX Week.
BoA hires for Asian structured products
SINGAPORE – Bank of America has created a new debt management team in Asia as part of a plan to expand structuring and trading in the region.
SG continues sales build-up
LONDON – Francesco Quilici joins SG Corporate & Investment Bank (SG CIB) in London today, May 24, as an analyst supporting Italian FX sales. Quilici will report to Jean-Philippe Castellani, head of FX sales in London, and works alongside Italian sales…