BMo Consolidates Global C$ Trading In Toronto; Whilst Appointing New FX Head In Singapore
BANKS
Bank of Montreal (BMo) is shifting its Canadian dollar trading operations in London and Singapore to Toronto in an effort to create "a 24-hour risk management operation" in one centre, says Jamie Thorsen, senior vice president and head of global FX in Chicago. Additionally, the bank has named Barry Pasikov to a new position as head of FX in Singapore.
Thorsen says the decision to centralize the bank's Canadian dollar trading operation is part of BMo's strategic push to "optimize" its trading
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