FX escapes restructure at WestLB in New York
PEOPLE NEWS
DUSSELDORF -- WestLB’s FX division in New York will not be affected by the bank’s ongoing reorganisation in the centre, a spokesperson told FX Week.
Indeed, despite the reorganisation of its wholesale banking unit into two new units -- Global Specialized Finance and Global Financial Markets -- WestLB has continued expanding its spot FX desk there, adding sterling trader Tim Ligowski in May.
As part of the restructuring, regional treasurer Thomas McCaffery becomes managing director of the GFM
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