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NAB director resigns
Catherine Walter, the National Australia Bank (NAB) director who criticised a report into the bank’s forex options trading scandal, resigned last week.
StanChart hires trading head
LONDON – David Bee is set to join Standard Chartered in June as head of FX trading in London and global head of G10 spot and forward trading.
Dresdner hires six hedge fund dealers
LONDON – Dresdner Kleinwort Wasserstein has hired six hedge fund sales dealers in London, in a move a bank official described as a "significant strengthening" of its platform for the hedge fund community.
Options staff hotly pursued
LONDON – Currency options traders are finding themselves hotly pursued, as a series of high-profile moves around the world has set off a chain of demand.
Tullett reshuffle: Collins out
LONDON – Broker Tullett Liberty’s chief executive Bruce Collins left the firm at the end of April, amid rumours of board dissatisfaction with the firm’s performance in London.
Martin Wiedmann leaves UBS
ZURICH – The departure of Martin Wiedmann from UBS in Zurich last week sparked a guessing game among his peers over which bank he is set to join.
Barclays sets cap at Boston
BOSTON – Barclays Capital has raided Goldman Sachs’ sales team to recruit regional US dealers for a new institutional sales office in Boston.
Kemp takes FX helm at Merrill
NEW YORK – Morgan Stanley FX chief Stephen Kemp is set to take on the continued build-up of Merrill Lynch’s forex business, following the resignation of co-head of global FX and rates Michael DeSa.
Westpac reorgs management
SYDNEY – Westpac has named two joint heads of FX in Sydney after former head of FX Ian MacGougan transferred to another role within the bank’s financial markets group.
Zar Amrolia back at Deutsche Bank
LONDON – Zar Amrolia, the former global head of FX sales at Goldman Sachs, rejoined Deutsche Bank in London last Monday (April 19) to run global FX and commodities bank sales and FX global liquidity services, including FX e-commerce. He reports to Dan…
PFG poaches RBC traders
NEW YORK -- Chicago-based futures commission merchant Peregrine Financial Group (PFG) has hired five sales dealers from Royal Bank of Canada to launch an FX service in New York.
HSBC names new London chief
LONDON -- HSBC will have a new head of European and Middle Eastern FX in London in early May, when Andrew Brown transfers from Hong Kong to take on the key role.
Merrill props up Tokyo
TOKYO -- Merrill Lynch is setting up a prop FX desk in Tokyo with the hires of two traders from Royal Bank of Scotland (RBS).
HSBC names new London chief
LONDON -- HSBC will have a new head of European and Middle Eastern FX in London in early May, when Andrew Brown transfers from Hong Kong to take on the key role.
BoE reappoints chief economist to MPC
LONDON--The Bank of England has announced that Charles Bean (right), its executive director for monetary policy and chief economist, has been reappointed to the monetary policy committee (MPC) for another three-year term.
JPMC fund trio make £55m
LONDON -- Three FX and fixed-income specialists who left JP Morgan Chase to set up a hedge fund have made profits of more than £55 million ($100 million) in their first year.
Desperately seeking analysts
LONDON -- Royal Bank of Canada, Westpac, ANZ and JP Morgan Fleming are all seeking to recruit senior currency analysts in London, as a flurry of activity has left several banks stretched to provide European FX market coverage.
JPMC fund trio make £55m
LONDON -- Three FX and fixed-income specialists who left JP Morgan Chase to set up a hedge fund have made profits of more than £55 million ($100 million) in their first year.
Idea commits to Singapore
SINGAPORE -- Financial research company Ideaglobal last week said it was committed to G7 and Asian market analysis from Singapore, following local press reports of retrenchment in the centre