City of London
FXCM recruits ex-sales head after Alpari stint
Mark Davison has rejoined FXCM after two years at rival Alpari where he headed institutional sales globally
Barclays staff cuts claim FX roles
At least eight staff members have left the FX division at Barclays this week as part of the latest round of cuts at the bank
SEB eyes FX growth in London under new regional head
In his new role as head of FX for London, Shaun Barham has a mandate to grow the bank’s forex business in the city, as well as to bolster the FX prime brokerage business, which now reports directly to him. He talks to Robert Mackenzie Smith
Peter Rading exits RBS
Co-head of fixed income, currencies and commodities and global trading is leaving RBS after 22 years
HSBC echoes call for greater official focus on offshore RMB
The FX market's fixation on the crises in the West has led participants to miss out on opportunities in offshore renminbi, and governments should give greater support to the currency’s development, HSBC believes
Bank of England must promote RMB trading, warns Chinese official
A swap line between the central banks of the UK and China would be a key step towards the growth of offshore renminbi, a former official of the People's Bank of China said yesterday
Credit Suisse cuts staff in FX sales and trading
Five employees are leaving Credit Suisse in London, including the head of European hedge fund FX sales, two spot traders and an options trader
Credit Suisse EMFX options head to join Jefferies
Jefferies Bache has hired a senior trader from Credit Suisse to expand its FX options business in London
UBS cuts claim FX roles in Europe
Two FX e-commerce business heads are understood to have left the Swiss bank as the bank executes its recently announced job cuts
BAML expands in FX sales
BAML has made three appointments to its FX sales team in Europe, including Tariq Haider who joins from SG CIB
Brevan Howard partner departs
Klaus Oestergaard has left the hedge fund
Oanda's European head departs
Antony Broadbent has left Oanda Europe, just over a year after the company opened its London office
BBVA expands in London with key hires
The Spanish bank has appointed Malcolm Day, formerly of HSBC, as global head of emerging markets FX sales
Banks continue to ramp up in offshore RMB
Top-tier banks are continuing to invest in their offshore renminbi trading capabilities, despite the recent dip in Chinese growth and the challenge of persuading clients to use the new currency and boost liquidity
CBA nears completion of three-year tech overhaul
Commonwealth Bank of Australia recently completed ‘Transforming FX’, a key phase of its technology plan focused on improving the bank’s e-FX capabilities and connectivity with multibank platforms
Moving up from down under
Following his recent appointment as global head of FX at Commonwealth Bank of Australia, Kieran Salter talks to Robert Mackenzie Smith about his mission to ensure the bank’s FX capabilities are globally recognised, and the major technology overhaul the…
Offshore renminbi bond market to take off in 2012
A maturing market combined with deregulation is sustaining demand for offshore renminbi bonds in the face of slowing RMB appreciation. Saima Farooqi reports
MIG Bank opens for business in London
The Swiss online trading specialist has received approval from the FSA to open a subsidiary in London, just weeks after it opened in Hong Kong
The year of the dim sum bond
A maturing market combined with deregulation is sustaining demand for offshore renminbi bonds in the face of slowing RMB appreciation. Saima Farooqi reports
Weighing up renminbi prospects
Despite the high-profile attention to London's potential as the western hub for renminbi business, central bank and corporate appetite for the currency appears lukewarm
Commerzbank hires quant to head new FX solutions team
Jessica James joins Commerzbank from Citi, reporting to Nick Crawford and Gerald Dannhaeuser
City’s top brass throws weight behind London RMB initiative
London will become the next offshore centre for RMB trading, vows UK chancellor George Osborne, supported by banking chiefs from Bank of China, Barclays, Deutsche Bank, HSBC and Standard Chartered
Banca IMI hires Citi’s Salcioli to head FX sales
Gianmarco Salcioli joins the Italian bank in Milan, having worked previously at Citi and Barclays Capital
HSBC builds out London RMB centre
Key appointment made to drive growth and strategy for the development of London as an offshore renminbi trading centre