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SG names institutional sales head
NEW YORK -- SG has appointed a new global head of institutional sales in New York, as part of its effort to better align itself with its clients’ needs, the bank announced last week.
BoA sells Canada corp arm
TORONTO -- FX services group Travelex has bought part of Bank of America’s corporate forex business in Canada.
Italian team snubs Merrill
LONDON -- A three-strong Italian FX sales team backtracked on a move to Merrill Lynch to rejoin Goldman Sachs in London last week.
BarCap lures top dealers
LONDON -- Barclays Capital is in the midst of an aggressive recruitment campaign in London and New York, targeting staff at the world’s top investment banks.
Regulators approve Allfirst purchase
NEW YORK -- Federal and state regulators have approved M&T Bank’s purchase of Allied Irish Banks’ US subsidiary Allfirst Financial -- the bank that last February discovered it had lost nearly $700 million from fraudulent FX trading.
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BNP Paribas boosts FX sales
Citigroup’s Englander joins BarCap but top research post stays vacant
LONDON -- Brian Martin, global head of FX research at Barclays Capital in London, has left the bank.
AIG hires ex-Commerzbank options dealers in London
LONDON -- Former Commerzbank FX options dealers Behnouche Mostachfi and Damian Zihlman have joined AIG Trading in London, a spokesperson for the firm told FX Week . Both report to Greenwich-based global head of FX options and head of FX Donald Lee.
Forex dealers desert Pru-Bache
LONDON -- Spot euro dealer Mark Davison will leave Prudential Bache, the international arm of US-based Prudential Securities, in London next month, a spokesperson for the firm in New Jersey told FX Week .
Options staff leave BoA
NEW YORK -- Bank of America has lost three FX options dealers in recent weeks, a spokesperson for the bank in New York told FX Week .
Merrill nabs Goldman dealers
LONDON -- Merrill Lynch in London has hired four European corporate risk managers from Goldman Sachs, the bank announced last week.
Tullett remains silent on resurfacing race charges
LONDON -- Brokerage firm Tullett last week refused to discuss the departure of a London spot forex broker alleged to have left the firm at the end of February over a racist comment made to a colleague.
Zar Amrolia quits Goldman
LONDON -- Former global head of FX sales at Goldman Sachs, Zar Amrolia, has left the bank after a series of job changes divested him of some of his forex responsibilities.
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BTM names London treasurer
SG reorganises forex sales
LONDON -- SG will today (March 10) announce the reorganisation of its London FX and FX derivatives sales team into two client-focused units.
BoJ management moves disappoint forex market
TOKYO -- There was an air of disappointment in the FX markets last week as the Bank of Japan revealed its new management line-up.
Job moves afoot in London as bonus season wraps up
LONDON -- As the bonus season draws to a close, the number of high-profile London FX professionals set to move jobs is about to soar, market participants and recruiters told FX Week .
Lehman bags Merrill’s Bernal to lead money manager sales
NEW YORK -- FX heavyweight Mike Bernal joined Lehman Brothers in New York last Monday (February 26). He joins in a new position managing all marketing efforts for money managers in foreign exchange, said a spokesperson at Lehman Brothers in New York.
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Refco launches alternative investment division
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Reuters hires Moneyline founder for fixed income
Rob Standing quits JPMC with spun-off hedge fund
LONDON -- Rob Standing, head of European rates at JP Morgan Chase in London, will leave the bank to head the London Diversification Fund (LDF) in the coming months, a spokesperson for the bank told FX Week .
BoA props up trading business
BoA props up trading business