News
Westpac builds out staff globally
Westpac has made a series of hires in London and New York to better support its clients in the northern hemisphere, said Richard Attrill, the bank's London-based head of FX, commodities, carbon and energy for the UK and Europe.
Trading Places, September 27, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UBS sources another ex-BarCap talent
UBS is continuing its senior management restructure with the hire of Andrew Kaufmann from Barclays Capital (BarCap) as global head of FX structuring, confirmed an internal bank source.
BAML continues restructure; evolves to meet regulations
NEW YORK - Bank of America Merrill Lynch (BAML) continues to reorganise its business post-merger and ahead of forthcoming regulations, resulting in management changes in FX and the launch of a futures and derivatives clearing service.
Let CCPs compete, Isda conference told
Competing for business will not fatally undermine derivatives clearing – as long as the system is well regulated, speakers claim
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
Corinne Neale joins Credit Suisse for Asia foreign exchange client risk advisory
Credit Suisse has added to its Asia foreign exchange risk advisory in line with the bank's strategy to expand forex business in Asia
Banks bags top sales job at BNPP
LONDON – Clive Banks has been promoted to the new role of global head of FX and local market sales at BNP Paribas in London, the bank confirmed today (Tuesday 21).
SGX AsiaClear aims to be Asia's CCP for rates and FX swaps
SGX president Muthukrishnan Ramaswami says the new interbank OTC clearing service for Singapore and US dollar interest rate swaps will target Asian banks as a start, and soon global investment banks that trade with Asian counterparties. Asian local…
Service outage hits Barclays Capital's first OTC clearing client
Client clearing glitch highlights the complexity of what is expected to be a major new business.
Vol drops as BoJ intervention proves successful
TOKYO - Yen volatility dropped sharply as intervention by the Bank of Japan (BoJ) last Wednesday (September 15) proved successful, leaving the dollar/yen range-bound into the end of the week.
HKMA warns on renminbi product risks
Hong Kong Monetary Authority executive director calls for caution in due diligence and supervisory assessment of renminbi products
StanChart takes Solace for FX data messaging
Standard Chartered has rolled out hardware-based messaging vendor Solace Systems’ 3260 message routers, to provide low-latency data distribution between the bank’s offices to support its new global FX trading platform.
Citi expands investor sales in Asia Pacific
HONG KONG - Citi has made key hires in the Asia Pacific as part of efforts to expand its investor sales coverage.
Isda members to qualify as swap dealers, says Gensler
All 209 primary members of the International Swaps and Derivatives Association could fall under the definition of swap dealer if they intend to do business in the US, according to Gary Gensler, chairman of the US Commodity Futures Trading Commission …
Listorti takes top FX role at ANZ
SYDNEY - Eddie Listorti, former global head of fixed income, currencies and commodities at Dresdner Kleinwort, has returned to Sydney to head foreign exchange and commodities at ANZ.
EC finalises OTC rules, leaves key technical items to Esma
Corporate hedgers claim a victory, but details on clearing eligibility and thresholds to be tackled by new authority
Société Générale adds three to strengthen flow derivatives and cash equities
Société Générale reinforces Asian cash equity and derivatives businesses with new appointments
Triple hire for Macquarie Private Wealth Asia
Macquarie hires three senior executives to boost its private wealth operation in Asia
CFH hires from CMC and Saxo
LONDON & COPENHAGEN – CFH Markets has made two key hires in London and Copenhagen, as it continues to expand its presence in the margin FX trading business.
Wertheimer takes top e-sales role at HSBC
HSBC has confirmed the appointment of Jeff Wertheimer as senior vice president and head of electronic sales for North America.
OECD warns on global slowdown
G-7 growth set to slow to 1.5% in the second half of the year; chief economist advocates more QE if slowdown does become entrenched