Societe Generale
Dutta joins Credit Agricole in Hong Kong
Societe Generale's head of Asia FX options joins French rival
SocGen cuts six FX staff in New York
The bank loses several staff while appointing a new head of OTC clearing sales for North America
FX Focus - Doubts over agency desk execution grow
Banks are turning to agency desk execution to cut the cost of trading. Some market participants claim it could be the source of as much as half of all turnover in the FX market within five years. Others are more sceptical, and there are fears that a mass…
Agency desk growth will be slower than expected, traders say
The chance of 50% of the FX market going to agency execution within five years is viewed as highly unlikely, but some banks wager on agency being the future of FX trading
Non-bank market-makers step into the breach as banks turn to agency
Buy side continues to worry about the reliability of non-bank market-makers, despite their presence during a technical glitch and volatile trading times
Agency execution set for strong growth
Growth is being driven by the changing role of dealers and best execution pressures on the buy side
Sterling set for instant 5% fall if Scotland votes Yes
Market still sees independence as unlikely, but participants buying sterling protection
SG closes London G-10 trading, builds agency presence
French bank considers restructuring FX business and moves towards an agency-execution model with fully-owned brokerage Newedge
SocGen appoints FX salesman in London
The French bank boosts ranks of FX real-money sales business in Emea
Westcott-Hutton joins NAB as director
She heads bank's FX sales efforts to institutional accounts
ECB cut could bring back the carry
A rate cut and negative deposit rates from the ECB could bring back the popularity of the carry trade, strategists say
Asset quality trumps hedging cost in volatile currencies
High cost of hedging out forex exposure in volatile currencies is unnecessary due to the correlation between the underlying asset and currency it is denominated in, investors believe
SocGen FX options Asia head departs
Options head is the second senior departure this year, following Serge Topolanski's exit in Paris
E-commerce head exits SocGen
Former FX trading head and deputy head of currencies Serge Topolanski has left the firm after nearly 25 years at the firm
US Bank hires senior corporate FX salesperson
US Bank has expanded its FX team in New York with two senior hires
Newedge appoints co-heads for commodities and currencies
Franck Borgel and Francois Combes appointed to lead the firm's currencies and commodities business, following the departure of John Fay
Morgan Stanley veteran joins SG CIB in sales
Matt Miller moves to the French bank in New York, having been most recently at UBS after 23 years at Morgan Stanley
Nomura hires ex-SG CIB structurer
Benoit Duhil de Benaze has joined Nomura in London, where he reports to Tim Owens
SG CIB expands in FX sales
Darren Charnock and David Brickell join Société Générale Corporate and Investment Banking in senior FX sales roles
SG CIB joins ParFX as latest bank member
The French bank has become the 12th founder member of ParFX, while Bank of America Merrill Lynch started trading last month without becoming a member
FX Week Europe: Fed is in ‘La La Land’ on monetary policy
SG CIB's chief currency strategist hits out at Federal Reserve's failure to appreciate the implications of its QE and interest rate policies
Credit Suisse loses two in FX sales
Other moves at Société Générale Corporate and Investment Banking, the CFTC and BAML
EBS Direct launch could reverse volume decline, say participants
The full launch of EBS Direct opens up a new market segment that could be an opportunity to claw back market share lost in recent years
SG CIB’s Escoffier takes the reins at Newedge
David Escoffier has been appointed chief executive of Newedge as Société Générale negotiates with Crédit Agricole to take full control of the firm