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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
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BoA hires China head