Westpac Implements Strategy To Concentrate Processing & Risk Taking While Sales Expands
BANKS
Westpac Banking Corp is in the process of implementing a business model for its global foreign exchange business, which includes single site processing and single site dealing, as well as a consolidation of its risk taking and price making activities in three major dealing rooms in Sydney, London and Wellington, says Phil Coffey, head of global FX in Sydney.
"We're progressively moving toward single site processing and single site dealing, which are both major exercises," says Coffey. "Planning
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