CIBC Restructures Global Trading Making FX A Stand-Alone Business
BANKS
CIBC Wood Gundy plans to restructure its global trading and sales division, which currently houses foreign exchange and interest rate products, making FX a stand-alone business, says Michael Horrocks, managing director in London.
"We've made the decision to emphasize FX as an important part of the trading room by making it a stand-alone business," says Horrocks, who cautions that these are the early days and many decisions remain, including who will run the business and whether it will be done so
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