Bank Austria Consolidates In Vienna, Halving UK Desk
BANKS
VIENNA--Bank Austria is concentrating FX trading in Vienna following the recent completion of its merger with Creditanstalt. The move reflects the bank's aim to focus on Central and Eastern European business, says Peter Fischer, co-head of group treasury.
The new structure has resulted in six positions being cut from the bank's 11-strong London FX operation, including chief dealer Rob Bird (FXW, September 28). Steve Tyjas, Craig Justham, Kevin Boxall, John Parry and Richard Kuras were also let go
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