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Wachovia adds institutional FX sales dealers in London
LONDON -- Wachovia Bank has hired two institutional FX dealers in London, as part of a global drive to increase its institutional forex business.
ABN Amro hires derivatives managers in London, NY
LONDON -- ABN Amro has hired two derivatives marketing managers in new positions in London and New York, in the latest stage of its ongoing FX expansion.
HSBC adds three in options
LONDON -- HSBC has hired three options and structuring heavyweights in new positions, as it continues to expand its options business in London and New York.
StanChart options trading head leaves
SINGAPORE -- Standard Chartered has lost another member of its Singapore FX options team since the departure of Tim Carrington, global head of FX options in Singapore in July.
Lehman’s forex relocation
LONDON -- Lehman Brothers’ FX team will move to the bank’s new European head office in Canary Wharf, London, in the first week of January.
Merrill merges FX and rates
LONDON -- Merrill Lynch merged its global FX and global rates businesses under new co-heads Michael DeSa and Barry Wittlin in September, a spokesperson confirmed last week.
State Street hires options chiefs in Asia and Europe
BOSTON -- State Street has hired two regional FX options managers in newly created positions overseeing Asia and Europe.
Commerz to add staff for new long-dated options book
LONDON -- Commerzbank plans to hire two new options specialists in London over the coming months, to support a long-dated FX options book that is currently in development.
JP Morgan expands Treasury Services
LONDON -- JP Morgan Treasury Services has hired four staff in London across technology, liquidity management, consulting and trade services. The hires will help JP Morgan expand its business, said Steve Groppi, regional executive for Europe, the Middle…
Fimat merges US and UK FX
CHICAGO -- Fimat, the brokerage arm of French investment bank SG, has merged its US and UK FX businesses into a single global unit.
Senior roles left unfilled
NEW YORK -- Despite a year of frenetic hiring activity in the wider forex market, Bank of America (BoA) and Commerzbank are still looking for senior FX managers, according to market sources. And with the next bonus season just round the corner, the…
Fimat reorgs to specialise
CHICAGO -- Fimat, the brokerage arm of French investment bank SG, completed a reorganisation of its foreign exchange activities last week to divide the business into specialist areas, sources close to the firm told FX Week .
ABN expands in FX trading
AMSTERDAM -- Dutch bank ABN Amro has made two senior hires to its FX trading business, as part of its strategy to increase its trading presence globally, a senior official told FX Week .
Structurer/dealer link deepens
LONDON -- The relationship between structurers and FX sales dealers is becoming increasingly close, officials told FX Week , as banks seek to further improve their client service levels.
Deutsche plans sales hires in Amsterdam
AMSTERDAM -- Deutsche Bank plans to hire up to two additional dealers to its newly merged corporate derivatives sales team in Amsterdam over the coming months, a senior official at the bank in London told FX Week .
BoA plans hires across European FX
LONDON -- Bank of America (BoA) is currently assessing how many of its planned 135 European hires over the next year will be in FX, a senior official at the bank in London told FX Week .
Deutsche merges Benelux FX
AMSTERDAM -- Deutsche Bank began a move to relocate its Benelux FX sales coverage to Amsterdam earlier this month, as part of its strategy to grow FX business across all client sectors, sources close to the bank told FX Week .