Month: February 2006

BNP Paribas Combines FX and Interest Rate Trading Groups

BNP Paribas has combined its FX and interest rate trading operations and has named Guillaume Amblard as global head of the new FX and interest rate trading group. Amblard was previously global head of interest rates options trading. FrNLG©dNLG©ric Janbon, BNP Paribas’ global head of fixed income says that combining the bank’s strength in interest […]

StanChart Makes FX Sales Hires in Asia…

Standard Chartered Bank has made two hires in its rates and foreign exchange corporate sales team in Asia. Alex Park joins as head of sales at SC First Bank in South Korea, reporting to Singapore-based David Carr, global head of corporates sales, rates and foreign exchange, while George Lee has been appointed head of sales […]

…and Appoints Head of Energy and Soft Commodities

Baber Farhat has joined Standard Chartered in Singapore as head of energy and soft commodities, global markets. He reports to Will Shropshire, global head of commodities derivatives and alternative investments. Previously, Farhat was at Wells Fargo Bank as a managing director and head of commodities products, based in San Francisco.

CBA to Push SME FX

The Commonwealth Bank of Australia (CBA), Australia’s largest bank, is launching a new foreign exchange service targeting Small and Medium Enterprises (SMEs). A CBA spokesperson told Profit & Loss that further details could not be provided at this time due to market sensitivities. However, in the bank’s recently released half year profit results document, it […]

eSpeed’s Wykes Joins Lava FX

Jonathan Wykes has joined trading platform provider Lava FX as a senior salesman in London. He reports to Allan Mackenzie, head of EMEA sales for Lava FX. Wykes was previously at Cantor Fitzgerald’s e-Speed as European head of FX sales in London. Before that he was vice president of e-FX institutional sales at Dresdner Kleinwort […]

Brevan Howard Hires Again

UK fund manager, Brevan Howard Asset Management, has recruited its second strategist in as many weeks, according to market sources. Martin Scott is joining the fund as senior in-house technical analyst. He will reportedly commence his role on March 1. Scott, who was previously senior technical analyst at the Royal Bank of Scotland in London, […]

China Exporters Urged to Improve Hedging

China’s exporters have been urged by the People’s Bank of China (PBOC) to improve their foreign exchange hedging ability after the central bank released the results of a survey of 323 export enterprises. According to official news reports, PBOC said that following the revaluation of the yuan in July 2005, export firms have gradually become […]

Fortis Takes Reuters 3000 Xtra for 600 FX Positions

Fortis has signed a global agreement with Reuters to take 750 positions of the vendor’s premium desktop, Reuters 3000 Xtra, 600 of which are for FX positions. The desktops will be deployed across FX desks on the bank’s trading floors globally, a spokesperson for Reuters confirms. The remaining 150 positions will be divided among the […]

Reuters Signs Citigroup; Slow Growth Disappoints

In other news, Reuters has secured a multi-year, global deal with Citigroup and will supply its content and desktops across Citi’s trading floors and offices, which also includes the FX business. The agreement broadens an existing relationship between Reuters and Citigroup, which is one of the vendor’s largest customers. At an analyst meeting held last […]

Haydon Joins Bank of China

Bank of China has hired Steven Haydon as Asian currency trader in its Treasury and Capital Markets division. Based in London, Haydon reports to Wang Yan, head of Treasury and Capital Markets. He joins the bank from C-View, a currency investment manager, where he was a portfolio manager. Prior to joining C-View in 2003, Haydon […]