Forex first for Korea First Bank
However, there is uncertainty as to the shape of the FX operation at the merged bank following the $3.3 billion deal.
"They are trying to have a bigger team than Citigroup Korea, and this means they will have to hire more than 15 salespeople, and they won’t lay off any traders," claimed a senior FX dealer at an international bank in Korea.
Meanwhile, a senior member of the FX desk at another local bank said: "Standard Chartered will bring a more aggressive strategy, like taking initiative in the
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