Foreign exchange
Latin America: Looking beyond the correction
Morgan Stanley analysts believe there will be scope for a recovery in emerging market assets once the positioning becomes more balanced – primarily with respect to real-money investors, which will mean a bit of repricing
Rinehart quits Standard Chartered
NEW YORK – Paul Rinehart has resigned from Standard Chartered in New York, where he was a vice-president and head of institutional FX sales for the US.
Thomson Reuters Spot Matching launches new Arab currencies
DUBAI – Thomson Reuters launched three new Gulf Co-operation Council (GCC) currencies in April on its Spot Matching system, in response to customer demand.
Sijbrandij calls time at Goldman Sachs
LONDON - Robbert Sijbrandij, vice-president and head of European real-money FX sales at Goldman Sachs in London, has left to join HSBC in the City.
April a pleasant month for ParkerFX
STAMFORD, CT – The Parker FX Index is reporting a 0.52% return for the month of April as managers benefited from the continued decline in European currencies.
BarCap beefs up in the US, but loses in Europe
NEW YORK - Barclays Capital has boosted its sales coverage in the US with the hires of Mike Testa, Marlena Demenus, James White and David Weiss in New York and San Francisco.
Aspen wins with technical analysis in murky conditions
Aspen Trading topped the one-month currency forecast index for the first time ever with a sole focus on technical analysis.
Trading Places, May 31, 2010
Read this week's Trading Places to catch up on the latest people moves across the FX world.
In Brief, May 31, 2010
Read this week's In Brief to catch up on the latest FX technology news.
Beriot in shock move to Citi from SocGen
LONDON & NEW YORK - Citi has made a key hire from Société Générale in institutional sales, a week after the departure of Jan Bak, head of non-UK European institutional sales in London.
Euro to continue decline
LONDON – Analysts are predicting further euro weakness, expecting the unit to return to 1.2135, with the short covering correction be short-lived.
SEB targets Asia growth
SINGAPORE - SEB has relocated Seppo Leskinen, chief investment officer of the SEB Multi-Manager Currency Fund, to Singapore from London, to leverage demand for currency management by investors in the Asia Pacific region.
Euro pessimism pays off for 4Cast
4Cast topped this week’s three-month currency forecast rankings with a dual prediction for a decline in the euro and yen.
Asia's currencies steady under pressure
Callum Henderson, global head of foreign exchange research at Standard Chartered in Singapore, says the Asia play is far from over, despite the recent pullback in the region’s currencies
Hogan calls it a day at Nomura
Canice Hogan, head of fixed-income flow sales for Europe, Middle East and Africa at Nomura, retired on Friday, May 14.
UniCredit hires new head of FX cash
LONDON - UniCredit has hired Beat Nussbaumer as European head of FX cash. Based in London, he will start on May 17, reporting directly to Nick Crawford, global head of FX in London.
Glory Sky sees potential with GFI Fenics
NEW YORK & HONG KONG - Glory Sky Group, a Hong Kong brokerage house, has chosen GFI Fenics’ Professional to help manage its FX and commodities derivatives business.
Euro and sterling – love to loathe
Daragh Maher, foreign exchange strategist at Crédit Agricole in London, discusses the struggle of the euro and sterling in the face of recent political events, and asks which is winning the battle of the battered
OCC announces new directors
The Options Clearing Corporation (OCC) has named Craig Abruzzo and Valar Mihan as directors, and appointed director Paul Brody as vice-chairman. Brody replaces Gary Yetman, who completed his term at the end of April.
Headhunters report temporary hiring freeze in wake of volatility
Headhunters on both sides of the Atlantic have reported a distinct slowdown in foreign exchange hiring as banks take advantage of the high level of volatility to make some much-needed profit, thus halting candidate interviews.
Downes steps down at Citi
LONDON & HONG KONG – Nick Downes, head of FX bank sales for Europe, Middle East and Africa at Citi in London, resigned last week, according to market sources. Meanwhile, in Hong Kong, Stephenni Xie is reported to have joined Citi in FX sales.
European banks benefit from weaker euro
European banks reporting last week showed stronger balance sheets as the euro fell, but little growth in their FX businesses.
Briefs 17.5.10
Read this week's Briefs section to catch up on technology news.
Trading Places 17.5.10
Read Trading Places for this week's movers and shakers in the global FX space.