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BJB expands FX emerging markets
NEW YORK -- Bank Julius Baer has hired Daniel Sigler, an emerging markets foreign exchange options specialist in New York, as part of its emerging markets FX expansion.
Ulster Bank reorganises financial markets structure
DUBLIN -- Dublin-based Ulster Bank has reorganised its Corporate Banking and Financial Markets division (CBFM) in light of the imminent departure of Declan O'Neill, head of financial markets and group treasurer later this month, a senior bank official…
Royal Bank of Scotland hires financial markets head in Italy
ROME -- Gianfranco Mattei joined Royal Bank of Scotland (RBS) last Monday (June 9) as head of its Corporate Banking and Financial Markets (CBFM) business in Rome.
SEB globalises options
STOCKHOLM -- Swedish bank SEB has globalised FX options in anticipation of Sweden's entry into the eurozone.
Growth in prime brokerage reveals staffing divergence
LONDON -- The rapidly developing FX prime brokerage industry is revealing differing staffing approaches among banks active in the segment.
HSBC creates new sales role
LONDON -- UK bank HSBC has appointed Joakim Bergander as head of relationship management, institutional sales and global markets.
JPMC expands UK forex
LONDON -- JP Morgan Chase has made three new hires to its London FX team over the last month as part of its continued growth strategy in Europe, a senior official told FX Week .
HVB to shift global FX sales head to London
LONDON -- German bank HVB's global head of FX sales, Bob Mills, will transfer to London this month as part of a forex reorganisation, the bulk of which was completed in 2002.
Italian dealers in demand
LONDON -- Italian FX clients' increasingly sophisticated approach to FX has made Italian FX sales dealers a highly prized asset, market participants told FX Week .
Italian dealers in demand
LONDON -- Italian FX clients' increasingly sophisticated approach to FX has made Italian FX sales dealers a highly prized asset, market participants told FX Week .
Prop desks reap rewards of heightened FX volatility
LONDON -- Banks could be reaping rewards from their proprietary FX trading desks, as swift intra-day market moves continue, dealers have told FX Week .
Forex sales moves afoot at DrKW
NEW YORK -- Dresdner Kleinwort Wasserstein (DrKW) has made a senior hire to its North American FX sales team and re-aligned responsibilities on the desk, a spokeswoman for the bank told FX Week .
HSBC snares Desselberger
LONDON -- HSBC has hired Deutsche Bank’s head of corporate structured products, Matt Desselberger, to become its new global head of currency options, based in London.
Carr Futures to close London FX
LONDON -- Carr Futures, Chicago-based institutional brokerage firm and part of Credit Agricole Indosuez, is closing its London FX desk on June 1 to form one 24-hour desk in New York.
Sterling traders sidestep UK euro adoption issue
LONDON -- Uncertainty continues to surround the timing of possible euro adoption in the UK, but sterling traders are unlikely to suffer, whatever the outcome.
RBC puts fresh focus on proprietary FX trading
TORONTO -- Royal Bank of Canada (RBC) set up a new proprietary trading group last week in an attempt to steal a march on its competitors.
Bear Stearns launches emerging markets book
LONDON -- Bear Stearns has hired Emrah Aksaray to run a new emerging markets book for the bank in London. Aksaray will focus on the European timezone, including Turkey and South Africa, as well as emerging eastern European markets.
CAI completes forex rejig
LONDON -- Credit Agricole Indosuez (CAI) completed the reorganisation of its forex business following former global head of FX Simon Eedle’s relocation to New York in April.
Intesa bows out of London
LONDON – Banca Intesa, one of the last Italian banks still trading FX in London, closed its desk in April, becoming the latest of its compatriots to consolidate forex in Italy.