Barclays
Trading Places, May 3, 2010
Find out about the movers and shakers in the FX world.
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).
HSBC adds to spot desk in London amid growth
LONDON - HSBC has hired Frank Cahill as director on the G-10 spot desk in London.
BarCap launches onshore rates and FX trading in Australia
SYDNEY - Barclays Capital has launched onshore trading in rates and foreign exchange in Sydney, as part of plans to expand its domestic and regional presence.
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.
Bonuses fail to match expectations
Bonus speculation is now over as the banks pay out, with the exception of Royal Bank of Scotland, which will not pay bonuses until June.
Anselmetti takes up BarCap offer
Goldman Sachs loses key sales personnel
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.
Sovereign debt and LatAm-related hedging key for Spanish dealers
Spanish dealers explain how hedging related to sovereign debt issuance and Latin America will be key revenue sources in 2010
BarCap loses Mihocko-Tierney to BAML
BAML gains in electronic commerce and investor sales
Trading Places, March 29, 2010
People moves
Barclays Wealth adds to retail FX system
LONDON - Barclays Wealth has upgraded its retail foreign exchange trading platform, BarxDirect, as it prepares for the rollout of exotic Asian currencies next month.
BarCap loses Longmore
LONDON - Richard Longmore, European head of institutional foreign exchange sales, has left Barclays Capital after weeks of speculation from market sources.
Morgan Stanley continues expansion
US bank hires in the US and UK
Goldman Sachs runs low in Iberia sales
JP Morgan benefits from US rival
Barclays Capital realigns FX prime brokerage
UK bank outlines ambitions for growth
UniCredit builds out in European sales
UniCredit hires two
BoAML continues FX rebuild
Additional hires in New York and Tokyo
BarCap eyes number one spot in FX
UK dealer outlines 2010 ambitions