Macquarie Bank Names New Foreign Exchange Co-Heads
BANKS
Macquarie Bank has changed many of its internal operating procedures in Sydney and named co-heads of the FX and capital markets division, following an incident on the currency options desk last month, says Simon Wright, one of the newly-appointed co-heads. David Curtis, the previous head, resigned following the discovery of some "administrative short cuts" taken by a junior trader.
The short cuts were meant to cut down on a time-consuming procedure for running morning reports for accounts and
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