Barclays

RBS loses Usher but gains Gething

LONDON – Royal Bank of Scotland has lost Richard Usher, London chief dealer and EUR/USD spot trader, in a further senior departure from the bank.

JP Morgan in e-FX build

LONDON – JP Morgan is continuing to build up product capabilities on its internally developed single-dealer system, MorganDirect, after switching off the pre-existing AVT-based system JPex last month.

Szucs and Shiff join BAML

LONDON - Bank of America Merrill Lynch (BAML) continues to build up its foreign exchange franchise with the hire of a senior institutional salesperson from Morgan Stanley in London.

Mass exodus from BarCap in New York

NEW YORK - Barclay Capital (BarCap) continues to haemorrhage forex sales staff as below-average compensation makes the bank’s employees prime recruitment targets, according to market sources.

Casini finds new home at Credit Suisse

Enrico Casini is understood to have taken a senior European foreign exchange sales position within Credit Suisse following his departure from Royal Bank of Scotland (RBS) two weeks ago (FX Week, April 6).

Nomura to launch multi-asset trading

Nomura plans to add trading in interest rates swaps, credit and cash bonds onto its upgraded proprietary trading platform this year, as it introduces multi-asset trading capabilities, officials tell FX Week.

UBS loses three in sales

LONDON & STAMFORD, CT - UBS has lost three salespeople on both sides of the Atlantic in the past fortnight. All are due to set up shop at rival camps.

BarCap loses Longmore

LONDON - Richard Longmore, European head of institutional foreign exchange sales, has left Barclays Capital after weeks of speculation from market sources.

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