FX Markets

BNZ’s McDonald Transferred To N.Y., Takes Over Role Of Chief Dealer

BANKS

In an attempt to fine tune its New York operation, the Bank of New Zealand (BNZ) just transferred Bruce McDonald from its Wellington head-office to its New York branch to assume the position of chief dealer, sources at the bank say.

The post of chief dealer has been left vacant ever since BNZ reactivated its foreign exchange trading operation in New York earlier this year (FX Week, May 25), a source at the bank says.

Upon re-entering the foreign exchange market, an executive at BNZ told FX Week th

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