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Delelis rejoins the sell side
LONDON – Alain Delelis has returned to the sell side to join Bank of America in London as head of global spot and emerging market trading, the bank confirmed last week. Delelis is the latest in a string of 13 hires made since Christiane Mandell became…
BarCap opens office in Boston
Boston – Bob Diamond, London-based chief executive officer of Barclays Capital, opened the bank’s new Boston sales office earlier this month, marking the bank’s first local entry to the fund-rich north-east region of the US.
SG names treasury, fixed income and derivatives head
Paris – SG, the corporate and investment banking arm of French bank Société Générale, has promoted Grégoire Varenne to head of fixed income and derivatives, commodities and treasury for Europe and Asia.
StanChart names new Asia line-up
HONG KONG – Standard Chartered has promoted two forex managers to replace global markets trading head John Tan, who recently left the bank in Hong Kong.
DrKW expands French sales
PARIS – Dresdner Kleinwort Wasserstein (DrKW) has added to its capital markets team in Paris. The expansion will help the bank deal with growing business it has seen since it started integrating its fixed-income and equity dealing desks two years ago,…
JPMC’s merger plans revealed
NEW YORK – JP Morgan Chase’s plans to absorb Bank One’s global foreign exchange trading business became clear last week, following the completion of the US banks’ merger on July 1.
ABN hires Italian chief
LONDON – ABN Amro has hired Alberto Matta for a newly created role as head of financial markets and public sector (Fips) distribution for Italy.
AIG restaffs FX post-merger
LONDON – Banque AIG, a subsidiary of AIG Financial Products, has hired six sales and trading specialists in a bid to upgrade the FX component of its cross-product service.
SG adds again in German sales
LONDON – Roman Stauss joined SG Corporate & Investment Bank (SG CIB) in London on June 28 as an FX sales dealer covering German and Austrian corporate clients. He reports to Jean-Philippe Castellani, London-based deputy head of FX sales for Europe, and…
RBC adds for institutional sales
TORONTO – Royal Bank of Canada Capital Markets has hired two FX sales dealers in New York and relocated a third to Sydney.
BarCap builds Asia-Pacific FX
SINGAPORE – Barclays Capital is building its corporate and bank FX sales coverage in Asia Pacific under new corporate FX chief for the region Lutfey Siddiqi.
Merrill boss adds ex-colleagues
NEW YORK – Merrill Lynch's new global FX chief, Stephen Kemp, has hired three former colleagues from Morgan Stanley, the bank he left last April in order to join Merrill.
Commerzbank's Nick Parsons takes on ALM strategic trading
LONDON – Nick Parsons, chief currency strategist at Commerzbank in London, is moving to become strategic trading manager on July 1, a spokesperson for the bank told FX Week .
DrKW launches Nordic team
LONDON – Dresdner Kleinwort Wasserstein (DrKW) has hired three dealers in London for a new Nordic financial institutions derivatives marketing team. The team, which joins Dresdner from a range of top-tier banks, will market the bank's range of…
BoE's Black Wednesday FX chief joins macro hedge fund
LONDON – William Allen, the Bank of England's foreign exchange chief during 'Black Wednesday' in 1992, has joined a hedge fund.
RBC launches China sales team
HONG KONG – Royal Bank of Canada Capital Markets (RBC CM) is launching a new cross-product sales group for Chinese clients.
NAB hires senior managers in Asia
TOKYO – National Australia Bank (NAB) has made two senior appointments in Asia. Shinya Fukumoto joins in Tokyo as director and head of capital markets, Japan, from TD Securities, where he has worked for 10 years, most recently as a director in strategic…
UBS loses two in fund sales
STAMFORD – UBS lost two from its institutional sales team in Stamford, Connecticut last week, a spokesperson for the bank told FX Week .
RBS hires four in FX and rates
LONDON – The Royal Bank of Scotland has made four senior hires in its FX and rates business in London.