Loewy exits on a high note


The bank has installed Mike Powell, head of global markets and treasurer for Europe, as temporary head of FX until a permanent replacement is made in the next three or four weeks.

The new manager will take on responsibility for continuing the bank’s steady single-digit percentage growth in forex profits over the past five years, which reached $1.24 billion in 2003, the bank announced last week.

Part of that increase -- a 6% rise on $1.17 billion in 2002 -- can be attributed to the extremely

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: