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Overlay staff in short supply
NEW YORK – Demand for currency overlay is outstripping the supply of available managers, as the boom in investors managing currency continues.
StanChart adds for global sales
SINGAPORE – Standard Chartered last week confirmed three hires to its global sales team, reflecting growing client business in both Asia and Europe, said David Carr, global head of sales and e-commerce at StanChart in Singapore.
SinoPac expands exotics trading
TAIPEI – Taiwan-based Bank SinoPac is on the look-out for traders to bolster its newly launched exotic options trading business in Taipei.
FX Concepts hires in options
NEW YORK – FX Concepts, a New York-based currency manager, has hired two options specialists to enhance its quantitative research, FX options and non-directional strategies management.
ABN adds in hedge fund sales
LONDON – ABN Amro has hired two dealers to its European hedge fund sales team in London.
Citigroup restaffs Singapore sales
SINGAPORE – Citigroup has rehired to fill a void in its Singapore institutional sales team after a team of three defected to Barclays Capital.
StanChart hires hedge fund sales chief
SINGAPORE – Standard Chartered in Singapore has hired Michael Drennan as head of global hedge fund sales. The newly created position reflects increased client demand in the sector, said David Carr, global head of sales and e-commerce at StanChart in…
Westpac makes Singapore inroads
SINGAPORE – Westpac has hired Henry Young as head of Asian institutional FX sales, based in Singapore, as part of an expansion of the bank’s FX business in the region. Young, who starts at the Australian bank in mid-June, joins from Barclays Capital in…
DrKW hires but gaps remain
LONDON – Dresdner Kleinwort Wasserstein has hired 10 in global FX sales and derivatives in the past month, but is still yet to fill gaps in senior management created by recent departures.
Calyon retains CAI EM team
LONDON – Calyon, the bank created from the merger of Credit Agricole Indosuez (CAI) and Credit Lyonnais (CL) in April, is retaining an almost unchanged global emerging markets trading team from CAI, a senior official told FX Week.
BoA hires for Asian structured products
SINGAPORE – Bank of America has created a new debt management team in Asia as part of a plan to expand structuring and trading in the region.
SG continues sales build-up
LONDON – Francesco Quilici joins SG Corporate & Investment Bank (SG CIB) in London today, May 24, as an analyst supporting Italian FX sales. Quilici will report to Jean-Philippe Castellani, head of FX sales in London, and works alongside Italian sales…
Bear adds for 24-hour sales
LONDON – Bear Stearns has added to its London-based sales team in an effort to improve overnight liquidity at the 24-hour centre, an official told FX Week .
Calyon to expand research
LONDON – Calyon is aiming to expand its currency and macro strategy team, following the merger last month of Crédit Agricole Indosuez (CAI) and Crédit Lyonnais (CL).
Dresdner returns to Japan
TOKYO – Dresdner Kleinwort Wasserstein has re-launched FX sales in Tokyo after an absence of more than two years.
Forwards head leaves Citi
NEW YORK – Head of FX forwards trading Vincent de Lorenzo left Citigroup in New York earlier this month, a source at the bank told FX Week .
Barclays Capital hires new FX strategy head
LONDON – David Woo will take charge of FX strategy for Barclays Capital in London, effective June 9. He joins from Citigroup, where he was head of local markets strategy for central and eastern Europe, Middle East and Africa, as well as global strategist…
Banks compete for e-FX talent
LONDON – Dealers combining technological and sales expertise are in short supply as banks compete to secure staff that can aid their success in the growing online FX market.
State Street ramps up in Asia
HONG KONG – State Street is hiring staff in Asia-Pacific in a bid to win more institutional business in the region.