SEB closes voice trading desk in New York
Swedish bank SEB has closed its foreign exchange voice-trading desk in New York as it shifts its focus in the US to electronic trading. The closure of the desk has led to the departure of Janerec Emberg, who headed the desk, and traders Jack Peene and Scott Linkowski, who both reported to Emberg.
SEB will retain its FX e-trading and sales teams in New York, but manual trading will now be covered by staff in the bank's headquarters in Stockholm. Robert Celsing, global head of FX and commodities
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