HSBC
Trading Places, August 15, 2011
Revolving doors at BAML, appointments at HSBC and cuts at Goldman Sachs
Trading Places, August 8, 2011
New appointments at HSBC, Santander and BAML, while Nomura loses a strategist
Questions raised over UK’s FX volume surge
Market participants attribute a range of factors to the 23% rise in FX turnover in the UK reported by the Bank of England's FX Joint Standing Committee on July 25
Trading Places, July 25, 2011
Appointments at TwoFour, SecFinex, DealHub, Berenberg and Alexander Forbes, while Credit Suisse reshuffles private banking heads in Asia
Spotlight on: Andrew Brown, BBVA
The Spanish bank’s global head of foreign exchange talks to Chiara Albanese about the changes he is making to develop BBVA’s FX business, and explains how his role differs from his previous experience at HSBC
All in accord on high-frequency risks
In late June four prime brokers and six ECNs allied together in a major new initiative to better monitor and manage the risks posed by high-frequency trading in the FX market. What motivated the collaborative effort? Farah Khalique reports
HSBC gains and loses in FX sales
Alex Scountjos joins from Barclays Capital and Yorke O'Leary from Goldman Sachs
FX Invest: Macroeconomic uncertainty boosts demand for gold and oil exposure
Continued uncertainty about inflation and deepening concerns over sovereign default risks in Europe are making the commodities increasingly attractive as hedging tools
Hiring frenzy
After a typically busy hiring season during the first half of the year, Chiara Albanese takes stock of some of the biggest appointments and talks to headhunters about the trends driving FX recruitment in 2011
HSBC recruits Thursfield in EM spot
Emerging market FX trader joins from UBS
Spotlight on: Dan O’Sullivan, Société Générale
The French bank’s co-head of global FX trading talks to Farah Khalique about the impact of recent eurodollar volatility on banks and investors, and the practical challenges of implementing new regulatory requirements
Hong Kong fixing sets benchmark for CNH spot
Hong Kong interbank participants have created the first US dollar/offshore renminbi price fixing, giving the city first-mover advantage in renminbi products such as derivatives
Time for a single reserve currency is over, warns Gulliver
HSBC chief executive expects renminbi to become a reserve currency within 15 years and shares the bank’s outlook for the Chinese currency
Ex-BarCap Wise to join Credit Suisse
Danny Wise will start as global head of FX spot trading in August
Banks welcome launch of CNH fixing
Treasury Markets Association launches USD/CNH spot fixing today, with quotes provided by 15 banks and the rate calculated by Thomson Reuters
Trading places, June 27, 2011
Promotions and appointments at Nomura, Schroders and RBS
Yetsenga to head ANZ FX strategy research
Richard Yetsenga to head ANZ's global FX strategy research team
Renminbi set to outdo yen in offshore trade, brokers say
Liberalisation of Chinese currency laws is attracting investors to a fast-developing market
HSBC loses Boehler and Smart in London
UK bank also appoints Danny Wise from Barclays Capital and Steve Rendon from Morgan Stanley
Closing the FX gender gap
As in much of the financial services sector, the upper echelons of the foreign exchange industry are male-dominated, but a number of market participants say opportunities for women are improving, particularly at the graduate level. Chiara Albanese reports
HSBC trio headed for Santander
Three recent departures from HSBC's FX derivatives team will all join Santander
Payne leaves HSBC in London
Emerging markets FX official leaves HSBC, following a number of other senior departures in recent weeks
Killen quits HSBC’s FX options desk
The bank has already lost Simon Manwaring and Howard Buckley in London
