FX Markets

Nikko Bank London Hires Lockett As New Director For Treasury And FX

BANKS

Executives at Nikko Bank, a U.K. subsidiary of Tokyo-based Nikko Securities, have confirmed that former Midland Bank foreign exchange director Tom Lockett will be joining the bank next month.

Sir John Hall, chairman of the bank, says Lockett will replace the departing Michael Jeffrey as director in charge of treasury and foreign exchange oper-ations (FX Week, February 8). Lockett, he says, will be one of four executive directors of the bank--John Hale, the treasury manager, will report to him.

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