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US salaries moderately up
NEW YORK -- FX dealers in the US saw slight increases in their wages this year, according to a new salary survey out this month.
IFX loses foreign exchange head
LONDON -- Ongoing restructuring at financial trading and spread-betting firm IFX claimed another staff departure last week, with the exit of head of FX Peter Romilly.
Bronia Jenkins leaves Bank of America
NEW YORK -- Bronia Jenkins left her position as New York-based FX time-zone manager for North America on March 1. A spokesperson at the bank confirmed her departure, but declined to say whether she would be replaced.
RJ O’Brien buys Zap Futures
CHICAGO -- Chicago-based futures commission merchant RJ O’Brien has bought online futures firm and introducing broker Zap Futures.
Post-bonus job swaps begin
LONDON -- Last week saw a flurry of movement among senior FX staff as the bonus season draws to a close.
Citi names new global head
LONDON -- Jeff Feig took over as global head of FX at Citigroup in London on February 27, a senior official told FX Week .
Loewy exits on a high note
HSBC’s FX chief retires as the bank makes highest-ever forex profits LONDON -- Rob Loewy, head of FX at HSBC for the past 15 years, retired last Monday (March 1) as the bank announced its highest-ever dealing profits for foreign exchange.
Deutsche reshuffles ICG in Asia
TOKYO -- Deutsche Bank has made management changes to its institutional client group (ICG) in Asia and Australia.
NAB delays report on ‘rogue trading’ losses
MELBOURNE -- National Australia Bank (NAB) last week put back the planned publication of its report into unauthorised trading losses at the bank until mid-March.
RBS expands interbank sales
LONDON -- The Royal Bank of Scotland has expanded its interbank FX sales business, adding desks in New York and Asia to complement its existing London-based team, the bank announced last week.
StanChart restructures in Asia
SINGAPORE -- Standard Chartered Bank has reorganised its global markets structure in Asia and the Middle East by region, rather than by individual country.
DeAM breaks out forex group
LONDON -- Deutsche Asset Management (DeAM), a leading UK fund manager, has restructured its business around seven business-specific units to offer more customised boutique offerings to clients for every asset class, a spokesperson said last week. The…
RBC unveils new FX structure
TORONTO -- Royal Bank of Canada (RBC) has confirmed a new senior management structure in foreign exchange following the departure of global FX head David Gibbins.
Dalman stays at Commerz as results fall
FRANKFURT -- Commerzbank has denied German newspaper reports that Mehmet Dalman, head of investment banking, would leave the bank following the announcement of its 2003 financial results last week.
CSFB plans expansion to back office in Singapore
SINGAPORE -- Credit Suisse First Boston (CSFB) is planning to expand its back-office staff in Singapore, as part of a drive to use the centre to support the bank’s operations both regionally and globally.
NAB report to reveal ‘control breakdowns’
MELBOURNE -- Pricewaterhouse- Coopers’ (PWC) report on the forex options trading scandal that has shaken National Australia Bank (NAB) in recent weeks is expected to expose a number of risk control problems at the bank, Graham Kraehe, NAB’s new chairman,…
BarCap to expand Asian emerging markets
SINGAPORE -- Barclays Capital has transferred Avijit Agarwal, formerly head of treasury in Mumbai, to Singapore to manage the wider Asian emerging markets treasury business.
Italy seeks rule change on central bank boss’s tenure
ROME -- The Italian government is seeking to change the appointment terms of the governor of the Bank of Italy, in a move that could force the departure of Antonio Fazio.