People
BBH sees forex growth in emerging markets
LONDON – US custodian Brown Brothers Harriman (BBH) saw increased FX trading volumes in the first half of this year, with particular growth in emerging markets.
HSBC Asia team set to grow
HONG KONG – HSBC Asia is looking to increase its FX derivatives and sales headcount over the next two years, a senior bank official told FX Week, but FX trading teams are likely to remain static.
Danske rebuilds FX in London
LONDON – Danske Bank will complete the rebuilding of its FX sales business in London next week with three new additions, a senior official at the bank told FX Week.
King replaces George at BoE
LONDON – Mervyn King took over as governor of the Bank of England last Tuesday (July 1), following the retirement of former governor Edward George.
RBS hires in NY and Boston
NEW YORK – Kenneth Wiseman has joined the Royal Bank of Scotland in New York as an FX sales dealer, a senior official at the bank told FX Week.
Technology staff on the move
LONDON -- The market for technology specialists in the forex sector is looking vibrant, with a number of people on the move last week.
AIGforex under merger threat
GREENWICH, CT -- AIG Trading’s FX group faces an uncertain future as parent company Connecticut-based American Insurance Group (AIG) prepares to merge its AIG Trading and AIG Financial Products subsidiaries, sources close to the firm told FX Week .
UBS looks to the East
BEIJING -- UBS is looking to mainland China as a potential source for new FX customers, and may hire staff in the region to service that sector. The international bank expects to be granted a full banking licence for its representative office in Beijing…
Philip Green leaves Reuters
LONDON -- Philip Green, chief operating officer of Reuters, has left the firm, and his position has been eliminated.
Standard Chartered makes senior forex appointments
LONDON -- Standard Chartered Bank in London appointed a new head of global markets, UK and Europe, last week (June 16), a senior bank official told FX Week .
ECB beckons Trichet as Credit Lyonnais trial ends
PARIS -- Jean-Claude Trichet -- front-runner for the top post in European central banking -- was acquitted of false accounting last week.
JP Morgan Chase expands global hedge fund sales
NEW YORK -- JP Morgan Chase has added three new FX sales staff in New York and Tokyo as part of an ongoing expansion in institutional forex.
BJB expands FX emerging markets
NEW YORK -- Bank Julius Baer has hired Daniel Sigler, an emerging markets foreign exchange options specialist in New York, as part of its emerging markets FX expansion.
Ulster Bank reorganises financial markets structure
DUBLIN -- Dublin-based Ulster Bank has reorganised its Corporate Banking and Financial Markets division (CBFM) in light of the imminent departure of Declan O'Neill, head of financial markets and group treasurer later this month, a senior bank official…
Royal Bank of Scotland hires financial markets head in Italy
ROME -- Gianfranco Mattei joined Royal Bank of Scotland (RBS) last Monday (June 9) as head of its Corporate Banking and Financial Markets (CBFM) business in Rome.
SEB globalises options
STOCKHOLM -- Swedish bank SEB has globalised FX options in anticipation of Sweden's entry into the eurozone.
Growth in prime brokerage reveals staffing divergence
LONDON -- The rapidly developing FX prime brokerage industry is revealing differing staffing approaches among banks active in the segment.
HSBC creates new sales role
LONDON -- UK bank HSBC has appointed Joakim Bergander as head of relationship management, institutional sales and global markets.
JPMC expands UK forex
LONDON -- JP Morgan Chase has made three new hires to its London FX team over the last month as part of its continued growth strategy in Europe, a senior official told FX Week .