Credit Lyonnais Moves To Pudong In Anticipation Of Forex Licence
BANKS
Credit Lyonnais (CL) in Shanghai is looking to expand its forex team to coincide with its recent relocation to the city's Pudong New Area Development Zone. The bank's move is in anticipation of approval from the People's Bank of China (PBOC) to begin conducting renminbi business, says Jacques Bertholier, CL's China country manager.
Bertholier explains that the bank is hoping to hire another two junior FX dealers as well as a senior forex head in anticipation of extra business created once CL is
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