RBS readies post-merger Asia forex trading team
A source said no decision regarding where to base non-G-11 currencies has been made, but that it is likely these too will be based out of Singapore. The source added that, if the decision is approved, the combined G-11 FX trading will begin in ABN Amro's incumbent Singapore foreign exchange hub by year-end. The move would come as part of the ongoing merger of the two banks.
"ABN Amro's FX presence in Asia is much larger than RBS's overall and it just makes sense to move there," said a source. RBS
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