People
DrKW adds in Singapore
SINGAPORE -- Dresdner Kleinwort Wasserstein (DrKW) has set up locally based FX research in Asia for the first time and created two new positions in FX sales in Singapore to deal with growing client demand, a senior official told FX Week.
Commerzbank rebuilds foreign exchange in London
LONDON -- Commerzbank has made a series of appointments to its FX team in London as it begins to merge its global interest rate and foreign exchange businesses under Ali Satrap.
ANZ names financial markets director
LONDON -- ANZ Investment Bank's director of commodities and FX derivatives, Gilles Planté, has relocated from Melbourne to take up a new role as director of financial markets, Europe and USA, based in London.
Citi hires Deutsche quants
LONDON -- Citigroup in London has hired two FX options specialists from rival firm Deutsche Bank, including head of foreign exchange product development William McGhee, who will start at Citi in the same role in October.
Rabo names new global forex head
LONDON -- Rabobank has named a new global head of foreign exchange, following the departure of Gary Kaye earlier this year ( FX Week , June 23). Paul Harvey moved from his London-based position as global head of central bank sales to manage Rabo's FX…
Abaxbank builds treasury
Milan -- Abaxbank hired a third new member to its treasury team this year, with the addition of Cinzia Lacopone in FX options last week.
Dealers leave Fimat Chicago
CHICAGO -- Fimat, the brokerage arm of French investment bank SG, shed four staff from its US dealing team earlier in August, said sources close to the company.
ABN Amro names FX strategists
LONDON -- ABN Amro last week named the two remaining hires to the expanded forex strategy team it announced two weeks ago ( FX Week , July 14).
WestLB hires ex-BoA chief
NEW YORK -- German bank WestLB has hired ex-Bank of America trading head Richard Breslow for the newly created position of FX sales and trading head for North America.
BoA names new global head
CHICAGO -- Jonathan Moulds, global head of interest rates, Treasuries and agencies business at Bank of America, has assumed responsibility for global foreign exchange and local debt operations in Asia and Mexico, according to an internal memo from Ed…
ABN creates global cash role
AMSTERDAM -- Dutch bank ABN Amro has created the position of global head of cash trading in an effort to further co-ordinate its FX trading activities. The move reflects its growing forex business, a senior official told FX Week .
Merrill rebuilds local markets trading team
LONDON -- Merrill Lynch has rebuilt a six-strong local markets trading team in London during the past month, after natural attrition whittled the original team’s headcount to one.
Merrill rebuilds local markets trading team
LONDON -- Merrill Lynch has rebuilt a six-strong local markets trading team in London during the past month, after natural attrition whittled the original team’s headcount to one.
RBS closes trading desk in Edinburgh
EDINBURGH -- Royal Bank of Scotland (RBS)has closed its FX and money markets trading desk in Edinburgh and rerouted trading to London, a spokesperson for the bank told FX Week .
Welsh rings HSBC changes
NEW YORK -- Two spot traders left HSBC in New York in July. However, the bank is fully staffed in spot FX, having added two senior traders before their departure, said Ben Welsh, head of FX sales and trading in New York.
GFI to add 10 in FX
LONDON -- Broker and market data firm GFI is looking to hire 10 sales and support staff for its global FX business, James Watson, global head of sales and support, told FX Week .
Saxo Bank hires global trading and sales heads
COPENHAGEN – Danish FX specialist Saxo Bank has created global trading and sales positions at its headquarters in Copenhagen as part of its global growth strategy, said senior bank officials.
Klein takes CLS Group chair
NEW YORK – Fritz Klein is the new chairman of the board of directors of CLS Group and CLS Bank International.
ABN Amro hires four in strategy
LONDON – ABN Amro has hired four forex strategists, increasing headcount in its global team from five to nine.