Bank of New York Mellon
Are currency managers adding value?
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Hedge funds moving more assets into prime custody accounts with active management
A move to separate custody accounts since the financial crisis has turned into a major trend with hedge funds now placing a growing portion of their unencumbered assets with prime custodians.
Insight Investment to acquire currency manager Pareto
Pareto Investment Management will become part of the Insight group from January 2013
Lawrie to retire from senior trading role at BNY Mellon
The trading head’s responsibilities will be shared between Jack Moss and John Riesmeyer
The renminbi's road to success
The renminbi is on the up, but is it climbing fast enough? Farah Khalique talks to currency strategists and a global head of FX structuring about the performance of the currency and future trends
G-10 troubles fuel sell-off in EM currencies
Declining risk appetite and a flight to quality have driven a sell-off in some emerging market currencies and pushed up the cost of hedging, say participants
Trading Places, July 4, 2011
Senior moves at BNP Paribas, BNY Mellon and MKP Capital Management
State Street admits to SEC pricing probe
SEC is investigating State Street over its FX pricing as part of ongoing regulatory probe into overcharging by major custodians
Japanese disaster causes yen uncertainty
Strategists say it is difficult to predict the performance of the yen as uncertainty over the Japanese situation continues
Yuan: The only way is up
Four currency strategists explain why they expect the Chinese yuan to continue to strengthen against the dollar
Fourth-quarter results a mixed bag for US banks
US dealers reported widely differing results for the fourth quarter of 2010 as competition returned to the market.
Trading Places, December 6, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Deutsche takes the top spot for FX in Q3
ZURICH & FRANKFURT – Deutsche Bank has proved its FX credentials by being the only bank so far to report higher FX year-on-year revenues for the third quarter, despite lower volatility and tight spreads.
US forex hits sluggish patch
NEW YORK & BOSTON - All US banks reported weak forex revenues in the third quarter this year versus last year, as volatility and volumes dropped.
JP Morgan kicks off Q3 results round
NEW YORK - JP Morgan posted another year-on-year fall in third-quarter results from the fixed-income business, which includes foreign exchange, due to a drop in revenues from credit and rates.
Kemp named managing director at Afme FX division
The Association for Financial Markets in Europe (AFME) has named James Kemp as managing director of its recently formed global foreign exchange division.
Trading Places, September 6, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Regulatory uncertainty hits US banks’ Q2 results
NEW YORK - Most US banks reported a slump in forex revenues in the second quarter this year versus last year, citing a drop in risk appetite and liquidity amid concerns over regulatory changes and the European debt crisis.
FX industry creates lobby group
BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.
Headhunters report temporary hiring freeze in wake of volatility
Headhunters on both sides of the Atlantic have reported a distinct slowdown in foreign exchange hiring as banks take advantage of the high level of volatility to make some much-needed profit, thus halting candidate interviews.
Trading Places 10.5.10
Read this week's people moves in the FX space across the globe.
US forex back on form in first quarter
NEW YORK & BOSTON - Most US banks reported strong forex revenues in the first quarter this year versus last year, as the global markets start to recover.
A sterling outlook?
FX Week sounded out the bears and the not so bearish on the outlook for cable and EUR/GBP over the next six to 12 months.