BofA Names New Global FX Head As Part Of Major Reorganization
BANKS
Bank of America is globalizing its foreign exchange and derivatives businesses and named executive vice president Robert McKnew as the new global head of FX, replacing Paul Chappell, who was in turn named head of FX and derivatives trading in London. The restructuring affects the FX and derivatives activities in London, the US, Hong Kong, Tokyo and Singapore.
The new global structure replaces the previous one, whereby the five primary trading centres reported to regional trading managers
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