BZW Refocuses FX In Three EU Capitals By Shifting Market-Making To London
BANKS
Barclays de Zoete Wedd (BZW), the investment banking arm of Barclays Bank, has implemented a plan to refocus some of its European foreign exchange and money-market business by ceasing to operate as a market-maker in Brussels, Dublin and Amsterdam, according to global money markets and FX chief Dennis Rooke (FX Week, November 21).
BZW is scaling down staffing in Ireland, Belgium and the Netherlands, transferring the management of most of its foreign exchange business in the three European Union
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