Sovereign Bank To Set Up FX In New Capital Markets Group
PEOPLE NEWS
PHILADELPHIA--Sovereign Bancorp is to set up a new foreign exchange desk within the bank's new capital markets group.
James Calla, head of the capital markets group, says the bank will name the foreign exchange head this week.
Calla was hired last December to head up the new capital markets group, which also includes fixed income trading, securitization, derivatives and hedging.
"The forex desk will eventually have five or six individuals," says Calla, "and will concentrate primarily on the middle
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