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SG’s Debonneuil dies in car crash
Prebon derivatives reorg
LONDON -- UK-based inter-dealer broker Prebon Marshall Yamane has reorganised its cash forwards and derivatives businesses in London.
ABN Amro names A-P sales head
SINGAPORE -- ABN Amro last week announced the appointment of Wolfgang Platzer as regional sales head for Asia-Pacific, in the banks and brokers division -- a subdivision of Global Transaction Services (GTS).
Prat-Gay takes central bank reins in Argentina
BUENOS AIRES -- Alfonso Prat-Gay, former global head of FX research at JP Morgan Chase in London, has been appointed president of the Argentine central bank.
Commerzbank cuts in London
LONDON -- Commerzbank has shed four foreign exchange jobs in London, a source at the bank told FX Week .
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AIG chief dealer moves to Clearview
AIG makes senior FX appointments
GREENWICH, CT -- AIG Trading Group has made four senior FX additions to its global operation over the past two months, a spokesperson in the bank’s Greenwich, Connecticut headquarters told FX Week.
Banks snap up dealers fluent in Spanish and Portuguese
LONDON -- Forex sales professionals fluent in Spanish and Portuguese are in demand as banks seek to increase their client business in the Iberian peninsula, Latin America and the US, senior officials told FX Week.
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Soros shifts London ops to NY
Prebon Asian MD to retire
HONG KONG -- Joe Lam, managing director of brokerage house Prebon Yamane (Hong Kong), and head of the firm’s forex business in the region, will retire from the firm following 27 years with the company. His replacement has yet to be named.
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Ideaglobal snares Paul Thrush
Danske restructures FX sales
LONDON -- Danske Bank last week completed the reorganisation of its forex sales team in London into separate units for corporate and institutional customers.
Investment banks cut FX
NEW YORK -- Lehman Brothers and JP Morgan Chase have cut FX jobs, senior officials told FX Week. The cuts are the first sign that forex may suffer as a result of the year’s depressed investment-banking activity -- so far the product has benefited from…
King in line for BoE top job
LONDON -- The City last week welcomed the appointment of Melvyn King as the next governor of the Bank of England, following the retirement of Edward George in June 2003.
Dealers cautious on bonus expectations
LONDON -- FX dealers are expecting moderate payouts this year, as the bonus season kicks off with payout announcements from the US investment banks this month.
Ex-dealers seek to return
LONDON -- January will see a host of forex market participants returning to the markets, after stints in e-commerce or at buy-side firms, report industry recruiters.
HBOS names new treasury head as senior exec resigns
LONDON -- HBOS Treasury Services last week named Lindsay Mackay as its new head of treasury, following the departure of Roger Woodbridge, deputy chief executive.
Goldman refutes rumours of fixed income/equities merger
NEW YORK -- Goldman Sachs dismissed market rumours last week that it is considering a merger of its fixed income and currencies division with equities in the US
New York banks silent on FX job cut rumours
NEW YORK -- Spokespeople for Citigroup and Dresdner Kleinwort Wasserstein (DrKW) in New York last week declined to comment on rumours that both have recently cut FX staff in the centre.
BIS opens Americas office
MEXICO CITY -- The Bank for International Settlements (BIS) has opened a representative office for the Americas in Mexico City.
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Rabo trader slated to join NCB
RBC builds London FX
LONDON -- Royal Bank of Canada is building its London foreign exchange group in response to growing business in London and Europe, a senior official told FX Week .
ACI UK elects new president
LONDON -- The UK branch of forex body ACI-The Financial Markets Association elected Pinder Grewal as its new president on October 10.