Standard Chartered
StanChart boosts financial institutions coverage
Standard Chartered has made a key hire from JP Morgan in Asia as it looks to boost its financial institutions sales coverage in South and Southeast Asia.
Trading Places, November 22, 2010
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HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
HSBC wins best bank in Asia-Pacific with strong liquidity
HSBC is the best bank for FX in Asia-Pacific for another year running, using its ability to internalise flow and warehouse risk to offer clients tight spreads in illiquid conditions.
RBC lures more StanChart e-FX staff
Royal Bank of Canada has hired David Wilkins as part of efforts to build out its electronic FX capabilities.
Trading Places, October 11, 2010
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Banks announce renminbi product firsts
HONG KONG & DUBAI – HSBC and Standard Chartered announced a number of firsts last week, as they try to take a lead role in the growth of the offshore renminbi market.
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.
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
Global growth slows and assets shift
The hunt for yield is an increasingly important driver of FX, says Callum Henderson, global head of FX research at Standard Chartered in Singapore
StanChart takes Solace for FX data messaging
Standard Chartered has rolled out hardware-based messaging vendor Solace Systems’ 3260 message routers, to provide low-latency data distribution between the bank’s offices to support its new global FX trading platform.
Standard Chartered boosts Mena coverage
DUBAI – Standard Chartered has made five hires in Dubai as part of plans to boost its fixed-income, currencies and commodities business (FICC) in the Middle East and North Africa (Mena).
Widmer out as Citi rolls in new e-commerce team
NEW YORK & ZURICH - Citi has established a new G-10 FX electronic commerce relationship management team, shortly after two senior FX managers resigned from the bank.
SEB FXPB targets Q4 live date on EBS and Reuters
SEB will go live with three prime brokerage clients on EBS Spot and Thomson Reuters Matching for Prime Brokerage at the start of the fourth quarter.
Barnes bows out of RBS
Royal Bank of Scotland (RBS) has suffered a double blow with the departure of its global head of FX, Mark Barnes, in London and Christiane Mandell, head of RBS' Latin American businesses in Mexico and Brazil, based in Stamford, Connecticut.
Trading Places, August 23, 2010
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Standard Chartered expands in FX
NEW YORK & SINGAPORE - Standard Chartered has reorganised its trading desks in New York and made a key hire in Singapore, the bank announced on August 11.
Banks post sluggish first-half results
LONDON & ZURICH - UK banks followed regional peers by reporting a sharp year-on-year drop in first-half revenues from fixed-income and currencies businesses, which were marred by a falloff in volatility and a retreat from risk.
Trading Places, August 9, 2010
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Global forex growth on the up
GLOBAL - Global foreign exchange growth increased this year from October 2009, as investor confidence in the FX market has returned following the global financial crisis, despite concerns over the eurozone.
State Street hires two in London
LONDON – State Street has hired in its sales team and Currenex group in London, according to market sources.
Banks scramble to offer renminbi products as Hong Kong gains offshore interbank status
Banks and financial institutions are ramping up efforts to launch new products to tap the growing appeal of investment opportunities in the mainland China market. The trend intensified last week in the renminbi offshore centre of Hong Kong, after China…