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BoA hires China head
BoA loses global market head
NEW YORK -- Duncan Goldie-Morrison, Bank of America’s global markets chief will leave the firm at the end of this month following a reorganisation of BoA’s global markets group.
Forex unhurt as ING cuts in New York
NEW YORK -- Foreign exchange has been spared in a cull of staff at ING in New York. Only one forex position was cut, said a bank spokesperson, in a spate of departures in January and February.
Combined sales teams take off
LONDON -- The FX sales dealer may soon be a thing of the past if a new trend for cross-product sales teams catches on.
Prosecutor calls for Trichet conviction
PARIS -- Jean-Pierre Bernard, the French state prosecutor in the trial of Bank of France governor Jean-Claude Trichet, said last week that Trichet should be convicted.
Toronto Dominion drives into funds and emerging currencies
TORONTO -- Toronto Dominion Securities is breaking into new markets in institutional FX sales and emerging LatAm and European currencies, a senior official told FX Week .
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Deutsche Bank Brazil appoints head of global markets
Market stumped on BoJ plans to replace governor
TOKYO -- Masaru Hayami, governor of the Bank of Japan (BoJ), completes his four-year tenure at the start of April, but candidates to replace him in one of the most prestigious jobs in central banking are few.
Bank Julius Baer reshuffles for cross-product FX drive
ZURICH -- Bank Julius Baer reorganised its trading and sales businesses in January to foster greater cross product co-operation, Mark Linnan, global head of trading at the bank in Zurich, told FX Week .
TD Securities sets up London options desk
LONDON -- Toronto Dominion Securities has bucked a trend among Canadian banks by setting up a European options trading desk in London. The bank completed a restructure of its FX options business to focus on European clients from the City, said Cliff…
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Commerz names head of options
Forex safe in Tullett sale
LONDON -- Inter-dealer broker Tullett’s global forex division will remain unscathed by equity broker Collins Stewart’s purchase of the firm, according to Collins’ chief executive in London Terry Smith.
BNP Paribas sets up sales desk in Zurich
ZURICH -- French bank BNP Paribas has set up a forex sales desk in Zurich with three staff from its offices in Paris and Basel.
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Commerz sheds again in sales
Bank One aims high
CHICAGO -- Bank One is set to hire 13 FX staff globally in the coming months in a bid to capture more top-tier corporate business, officials told FX Week .
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Tullett’s Brown retires
Amex expands in FX options
LONDON -- American Express Bank (Amex) has expanded its European FX options team with the hire of Albert Chang.
BIS announces hire of new chief
BASEL -- The Bank for International Settlements (BIS) last week named senior central banker Malcolm Knight as general manager.
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BarCap hires new FX sales head
Path to ECB presidency opens up for Trichet
PARIS -- Bank of France governor Jean-Claude Trichet’s path to the presidency of the European Central Bank (ECB) was partially cleared last week when Judge Olivier Perusset declined a prosecution request to postpone his trial.
HBOS sheds London staff
LONDON -- HBOS Treasury Services last week shed three forex staff as part of a reorganisation aimed at a more "efficient use of resources", said a spokesperson for the bank in Edinburgh.
HSBC hires new NY forex chief
NEW YORK -- Ben Welsh joined HSBC in New York last week as head of FX sales and trading, a bank official told FX Week.
Citi endorses job sharing
LONDON -- Job sharing among forex professionals is becoming a growing trend in the markets, senior officials told FX Week .
HSBC relocates to Canary Wharf
LONDON -- HSBC’s 120-plus forex staff in London move into the bank’s new building in Canary Wharf on February 17, a spokesperson confirmed.