State Street ramps up in Asia
The bank has hired one manager for a new position overseeing FX sales in Singapore, transferred an analyst from Boston to Sydney and plans to add another FX sales manager in Hong Kong, as an upturn in the regional economy has boosted demand for its FX services. "More capital flows into Asia have translated into a lot more transactions. Our revenues have reflected that," said Steven Chang, head of FX and money markets for Southeast Asia in Hong Kong.
Henry Quek joined the bank to manage FX sales
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