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Merrill rebuilds local markets trading team
LONDON -- Merrill Lynch has rebuilt a six-strong local markets trading team in London during the past month, after natural attrition whittled the original team’s headcount to one.
RBS closes trading desk in Edinburgh
EDINBURGH -- Royal Bank of Scotland (RBS)has closed its FX and money markets trading desk in Edinburgh and rerouted trading to London, a spokesperson for the bank told FX Week .
Welsh rings HSBC changes
NEW YORK -- Two spot traders left HSBC in New York in July. However, the bank is fully staffed in spot FX, having added two senior traders before their departure, said Ben Welsh, head of FX sales and trading in New York.
GFI to add 10 in FX
LONDON -- Broker and market data firm GFI is looking to hire 10 sales and support staff for its global FX business, James Watson, global head of sales and support, told FX Week .
Saxo Bank hires global trading and sales heads
COPENHAGEN – Danish FX specialist Saxo Bank has created global trading and sales positions at its headquarters in Copenhagen as part of its global growth strategy, said senior bank officials.
Klein takes CLS Group chair
NEW YORK – Fritz Klein is the new chairman of the board of directors of CLS Group and CLS Bank International.
ABN Amro hires four in strategy
LONDON – ABN Amro has hired four forex strategists, increasing headcount in its global team from five to nine.
BBH sees forex growth in emerging markets
LONDON – US custodian Brown Brothers Harriman (BBH) saw increased FX trading volumes in the first half of this year, with particular growth in emerging markets.
HSBC Asia team set to grow
HONG KONG – HSBC Asia is looking to increase its FX derivatives and sales headcount over the next two years, a senior bank official told FX Week, but FX trading teams are likely to remain static.
Danske rebuilds FX in London
LONDON – Danske Bank will complete the rebuilding of its FX sales business in London next week with three new additions, a senior official at the bank told FX Week.
King replaces George at BoE
LONDON – Mervyn King took over as governor of the Bank of England last Tuesday (July 1), following the retirement of former governor Edward George.
RBS hires in NY and Boston
NEW YORK – Kenneth Wiseman has joined the Royal Bank of Scotland in New York as an FX sales dealer, a senior official at the bank told FX Week.
Technology staff on the move
LONDON -- The market for technology specialists in the forex sector is looking vibrant, with a number of people on the move last week.
AIGforex under merger threat
GREENWICH, CT -- AIG Trading’s FX group faces an uncertain future as parent company Connecticut-based American Insurance Group (AIG) prepares to merge its AIG Trading and AIG Financial Products subsidiaries, sources close to the firm told FX Week .
UBS looks to the East
BEIJING -- UBS is looking to mainland China as a potential source for new FX customers, and may hire staff in the region to service that sector. The international bank expects to be granted a full banking licence for its representative office in Beijing…
Philip Green leaves Reuters
LONDON -- Philip Green, chief operating officer of Reuters, has left the firm, and his position has been eliminated.
Standard Chartered makes senior forex appointments
LONDON -- Standard Chartered Bank in London appointed a new head of global markets, UK and Europe, last week (June 16), a senior bank official told FX Week .
ECB beckons Trichet as Credit Lyonnais trial ends
PARIS -- Jean-Claude Trichet -- front-runner for the top post in European central banking -- was acquitted of false accounting last week.
JP Morgan Chase expands global hedge fund sales
NEW YORK -- JP Morgan Chase has added three new FX sales staff in New York and Tokyo as part of an ongoing expansion in institutional forex.