News

Bo Li returns to BoA Merrill Lynch

HONG KONG - Bank of America (BoA) Merrill Lynch has appointed Bo Li from Standard Chartered in Hong Kong, to head north Asia institutional foreign exchange sales, according to market sources.

Budenberg appointed UKFI CEO

LONDON - Former UBS banker Robin Budenberg has been appointed chief executive of UK Financial Investments, the body established to manage the UK government's investments in financial institutions including the Royal Bank of Scotland (RBS), Lloyds TSB and…

State St case puts FX deals under scrutiny

LONDON & NEW YORK - Banks will come under increased pressure to provide greater transparency on foreign exchange transactions, following the California state attorney-general's FX fraud lawsuit against State Street, according to market participants.

Asia congress: Collateral issues crucial post-crisis

SINGAPORE - Terence Oh, head of foreign exchange prime services for the Asia-Pacific at UBS, called for better collateral management in light of the lessons learned from the global crisis, at the FX Week Asia congress in Singapore last Tuesday.

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