BarCap poaches Tokyo team from JP Morgan

BarCap joins a number of banks looking to increase its presence in the country. Earlier this year, Deutsche Bank hired seven FX staff locally and transferred two traders from Singapore and New York, in a sweeping reorganisation of its FX operations in Tokyo (FX Week, April 30).

Lutfy Siddiqi, head of corporate risk advisory and corporate FX, Asia-Pacific at BarCap in Singapore, told FX Week the newly created team demonstrates the bank's continued commitment to Japanese corporates and

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