Articles by Robert Mackenzie Smith
TD Securities appoints new European spot head
Tim Haley seeks new role at TD Securities as Mohammed Ali is promoted to take on responsibility for European spot trading
EU elections could reopen old euro wounds
Anti-EU success in elections this week could cause long-term damage to the eurozone's future, participants warn
EM currencies hotbed of FX manipulation, says spot trader
EM currencies to be closely scrutinised following German regulator's admittance of Mexican peso involvement
RBC hires FX structurer in London
Credit Suisse structurer switches to RBC under global head of FX options Garrett Clinton
Citi relocates FX technicals team
Citi has restructured its FX technical strategist team to serve its clients globally, a memo states
BAML loses member of FXPB team in London
Richard Holman leaves Bank of America Merrill Lynch's prime brokerage team after seven years
Marex Spectron loses three FX salesmen
Marex's build-out of its FX agency business has taken a blow with the departures of three senior figures
Barclays creates macro products business
Mike Bagguley leads new business group at the investment bank, which comes soon after Barclays announced 7,000 job cuts over the next three years
Corporates defend macro-hedging strategies
UK corporates defend their risk management strategies, unconcerned by the prospect of a Scottish currency affecting their UK portfolios
Credit Suisse trims FX staff in London and New York
The Swiss bank has made further cuts to its FX division six months after merging its FX, rates and credit businesses
NDF liquidity in doubt as clearing approaches
Central clearing has been a long time coming for the non-deliverable forwards market and participants worry its eventual arrival may damage liquidity. By Robert Mackenzie Smith
Deutsche Bank loses FX salesperson in Paris
The German bank has seen one of its FX salespeople leave the bank this month after more than four years
Translation risk hits corporate earnings
Millions have been wiped off corporate profits last quarter as a result of converting back earnings from depreciating currencies
StanChart looks to cut reliance on human traders
Changes come amid wider refocus of FX operations, including moving some FX derivatives to London and Singapore
Lloyds' FX trading head in US leaves role
Lloyds Bank has seen its head of FX trading for North America leave his role after three years at the bank
JP Morgan FX director exits in London
Iberian FX sales director leaves JP Morgan after six years at the bank to take a role at another firm
The squeeze on spot FX
Market-makers battle compressed margins in spot currency trading
Senior FX departures highlight changing market structure
Issues ranging from low volatility, benchmark investigations to regulatory change have led to senior participants leaving the the market either temporarily or permanently
Goldman Sachs loses key FX staff
Goldman Sachs saw two senior resignations in its foreign exchange business last month
CIBC beefs-up corporate solutions group in New York
20-year capital markets veteran Bernard Garra has returned to the industry at CIBC in New York following BBVA departure last year
Sterling strength cuts £3.5 billion off UK dividend payments
Rises in sterling against the US dollar and the euro have wiped billions off UK investors' dividend payments from some of the largest companies
Deutsche’s global head of FX set to retire
After more than 18 months as global head of FX, Kevin Rodgers is leaving Deutsche Bank and the FX industry after a 24-year career
Millennium Global hires managing director for Asia
Former head of Overlay Asset Management for Asia-Pacific joins Millennium Global in London
CME Europe ‘slow start’ expected
Market participants feel significant volume on CME Europe could take a long time, but prospects for Asia are exciting investors