Banco Santander Expands Forex Trading In London, New York And Far East

BANKS

Banco Santander is gearing up in foreign exchange and interest-rate trading, adding new staff in several centres and moving to larger dealing rooms in London and Madrid. The bank has also applied for permission to open a new branch in Singapore that it hopes will be its Asian operation's hub, says international treasury director José-Manuel Hernandez Beneyto.

Santander is transferring London treasurer David Lines to New York to take over the office there: he is replacing Ravi Mehra, who is

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