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Alex Mann adds to FX search team
LONDON – Recruitment firm Alexander Mann has expanded its FX search team, with the appointment of Tony Marshall as head of UK and European capital markets from rival AT Kearney. His appointment follows the August hire of Shani Shamah as a director in…
Bear expands EM trading
LONDON – Bear Stearns is expanding its European emerging markets trading desk in London with two new hires from Calyon and two more planned additions in the new year.
Margin squeeze benefits Japan derivatives dealers
TOKYO – Derivatives dealers in Japan are in demand, as spread compression in vanilla FX has prompted foreign banks to look elsewhere for margin.
Dalman quits Commerzbank
FRANKFURT – Mehmet Dalman, previously a board member and head of investment banking at Commerzbank AG in Frankfurt, is launching a new fund group called Wealth Management Group (WMG) in London.
Deutsche Bank builds research
LONDON – Deutsche Bank has reshuffled its FX research team following the departure of global head of FX research Michael Rosenberg earlier this summer.
Westpac continues reorg
SYDNEY – Westpac has hired and transferred a number of FX dealers around the world as it continues a restructuring started with the appointments of co-heads Paul Verschuer and Paul Quilkey in April ( FX Week , April 26).
Foley sets out FX stall at Gelber
CHICAGO – Justin Foley, who joined Gelber Trading ( FX Week , August 30) in Chicago last Monday, has started to lay the foundations for the foreign exchange division.
Barclays aims to crack Asia
SINGAPORE – Barclays Capital has made a number of hires in Asia, in a bid to boost its presence in the region.
Goldman prop traders 'to retire'
LONDON – Goldman Sachs is to lose its two chief London-based prop traders at the end of the year.
DrKW hires former Merrill boss
LONDON – Dresdner Kleinwort Wasserstein has hired Steve Bellotti, a former FX trading and sales head at Merrill Lynch, to become its new global head of capital markets in London.
Mellon takes Citi VP
LONDON – Mellon Bank has expanded its European asset manager FX sales desk in London with the hire of Ben Holder from Citigroup.
Citi reorgs senior management
LONDON – Citigroup has set up a new products and services group for foreign exchange, as part of a sweeping reorganisation of senior management.
SG to name global FX head
LONDON – Dominick Errichetti is set to take on global responsibility for foreign exchange at SG Corporate and Investment Banking (SG CIB) in New York, according to sources close to the bank.
Loewy joins bank exodus
LONDON – HSBC's former head of foreign exchange, Rob Loewy, has joined news and analysis firm Market News International (MNI) as a business consultant.
Citi hires corporate dealer from Barclays
LONDON – Citigroup has hired Andrew Burley for its corporate foreign exchange sales desk in London. He will report to Alex Jackson, head of corporate forex sales in London, when he joins after completing his gardening leave from Barclays Capital in the…
ANZ in forex capabilities reorg
MELBOURNE – ANZ is to merge its capital markets and forex desks in a bid to improve efficiency, grow its business and manage risk efficiently.
Sales staff in global demand
HONG KONG – Demand for sales staff in Asia is on the increase, with many of the major banks having hired or looking to increase their capabilities in the region.
BGC to hire 25 in spot forex
LONDON – Spot brokers are the initial target of Cantor Fitzgerald's upcoming recruitment spree for FX, as it prepares to spin off new voice broker BGC Partners, said an official at the firm last week.
TD Securities reshuffles in London
LONDON – TD Securities has reorganised forex management in London in order to build its emerging market desk.