FX Markets

Merrill takes MS salesman

NEWS

Galli-Zugarro joins the US investment bank from rival Morgan Stanley, where he worked as director of southern European sales.

On the flipside, Merrill Lynch is rumoured to have lost Chris Allington, chief FX dealer in its London office, to Barclays Capital. BarCap is also understood to be beefing up FX structuring, with the hire of Federico Gilly from Goldman Sachs in London. Gilly ran FX structuring for the US investment bank in London.

In another move, Chris Fahey, a dollar/Swiss trader at the

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