News
ANZ holds top spot for Aussie dollar
The Australian bank has invested both in people and technology over the past year, with a focus on growing its operations in London
Morgan Stanley Smith Barney increases managed futures allocation
Managed futures have low correlation to markets and perform well in difficult times, says MSSB. Choppy markets and frequent trend reversals created a difficult environment for the strategy this year.
Hedge fund redemptions rising for year end although in line with previous years
Despite the impact of turbulent markets and poor performance, hedge fund redemptions remain similar to 2010 levels. There are no signs of unusual investor activity, GlobeOp reports.
StanChart’s global head of Ficc departs
Remy Klammers has left Standard Chartered and is understood to be starting his own business
RBS adds bank sales to US e-commerce role
Matt Thomas, head of Ficc e-commerce in North America, is to take on responsibility for aligning the bank’s electronic product with the needs of bank clients
BNP Paribas hires Boehler to head institutional sales
Adrian Boehler will join in mid-December, having left HSBC in June
Upadhyaya to leave BAML
Strategist joined US bank from Putnam Investments in 2010 and will return to the buy side next month
4Cast hires six to work in London sales
New salespeople will report locally to head of sales Scott Bayliss
Simone Andre leaves HSBC sales role
Andre's departure is part of the bank's cost-reduction exercise, which has already made a number of FX sales and trading roles redundant
O'Sullivan quits Société Générale CIB
Co-head of FX trading has left the French bank after relocating to New York earlier this year
RMB diversification is ‘strategic’ says Nigeria’s central bank governor
Lamido Sanusi explains why he made the decision to convert 10% of the country’s reserves into renminbi
ADS Securities to provide liquidity through Integral
Start-up brokerage has connected its API to Integral and expects to execute first trade with an Australian client within days
Trading places, November 21, 2011
New appointments at ANZ, ICI Global and Bats Europe, while Gain Capital's CFO departs
Barclays Capital loses two FX traders
John Erratt and Reg Mehta leave the bank in London
Babich departs HSBC as cuts hit FX
Dean Heiden, Chris Bolton, Ted Mermel and Lily Han have also left FX sales roles in London and New York as part of HSBC cuts
Riccardo Rebonato quits RBS for Pimco
Ex-head of front-office risk management and quantitative research will join Pimco on December 1 as head of rates and FX analytics
Maher departs Crédit Agricole
Deputy head of FX strategy had been with the French bank in London since 2004
Political crisis in Europe brings volatility back to FX options
Volatility returned to eurodollar last week as FX traders priced further downside risk into euro options
Gold-i partners with Vision Solutions for disaster recovery
Systems integration vendor has started to resell Vision Solutions' disaster recovery technology, Double-Take Software
Trading places, November 14, 2011
New appointments at CBA, Integral and RBS while top roles are reshuffled at Isda, Esma and the FSB
FX sales focus: Banks go multi-asset in growth markets
Both top-tier and second-tier banks opt for dedicated FX sales forces in locations where they have a large presence, but tend to go multi-asset in countries where they are seeking to grow
Japanese corporates count costs of further yen strength
Japanese companies have been hit hard by the strength of the yen and are now revising down their profit forecasts in anticipation of further appreciation
CME vows to expand NDF clearing by year-end
Expansion of the exchange’s nascent NDF clearing platform to include a broader range of NDFs is set to begin within weeks, according to Roger Rutherford
ADS expands sales effort with senior hire
Ex-HSBC Hassan Hannouf joined ADS Securities in Abu Dhabi last month