Month: August 2011

Pearson Joins RBS as Head of FX Spot Trading

The Royal Bank of Scotland has appointed James Pearson as head of FX spot trading based in London. Pearson started this week and reports to Tim Carrington, global head of FX. Pearson joins the bank from Nomura where he was global head of spot FX trading and emerging markets FX trading for Europe, Middle East […]

Kiel Joins UBS Global Asset Management

Richard Kiel has joined UBS Global Asset Management in New York as global head of investment risk solutions Kiel joined the firm in New York on 29 August and reports to Curt Custard, head of global investment solutions. Kiel was previously global head of post-trade services at Thomson Reuters, a position he assumed in 2005. […]

Natixis Bolsters Americas Fixed Income, Commodities and Treasury Team

Natixis is expanding its foray into the US with three senior appointments to its fixed income, commodities and treasury (FICT) Americas team. Denis (Guy) Prouteau has joined in New York as head of the FICT Americas team. Prouteau, who has 25 years of experience in trading, sales, and debt capital markets, was most recently co-head […]

Citi Reorganises FX e-Commerce Sales

Citi has merged its G10 and local markets FX e-sales teams into single teams that are regionally managed for co-ordinated coverage, mobility and maximum efficiency, a spokesperson at the bank tells Squawkbox. Selene Cheng has been appointed regional head for Asia, Rakesh Purohit, for the Americas, while in EMEA, Eugenia Hanoune, who left Deutsche Bank […]

RBS Appoints Head of FX Technology Based Trading

The Royal Bank of Scotland has appointed Ed Mount as head of FX technology based trading, reporting to Tim Carrington, head of global FX. In this newly created role, Mount will be responsible for both technology based trading products across FX spot and options, including high frequency and algorithmic trading. Mount has over 20 years […]

…Hires Parliamentary Spokesperson for FX Options Team

Jon Underwood has joined RBS’s FX options trading team in Stamford, CT to focus on trading Latin America options. Underwood, who was most recently employed as a parliamentary spokesman for the Liberal Democrats in the UK, reports to Ian White, head of FX options North America. Underwood first started trading Latin America currency options in […]

BM&FBovespa Launches Trading Platform in FX Market

Brazilian exchange BM&FBovespa will go live with a new trading platform in the spot foreign exchange market on Monday 29 August. The multi-asset class trading system, called the Puma Trading System, has been developed in partnership with CME Group. Over a three stage process Puma will replace Global Trading System (GTS), Mega Bolsa, Bovespa FIX […]

CPSS, Iosco Release Trade Repository Report

Banks must report a minimum set of data on their derivatives trades from the end of 2012 to help regulators monitor systemic risk and financial stability, according to a report last Wednesday from the Committee on Payment and Settlement Systems (CPSS) and the technical committee of the International Organisation of Securities Commissions (Iosco). The two […]

TPG Capital to Become a Major Saxo Bank Shareholder

Investment firm TPG Capital is set to become a major shareholder in Saxo Bank. Following a purchase agreement signed last week, a TPG Capital affiliate will acquire a 30% stake in the company along with an option to increase its stake to 40% from existing investors, including General Atlantic and Banco Espirito Santo, among others. […]

Oanda Expands Presence to Japanese Market

Foreign exchange trading broker Oanda Corp. has formally established a new operation in Japan to better support retail and institutional clients in the country and across the Asia Pacific region. The move follows its acquisition of Japanese broker MyGaika in October last year, which it subsequently renamed Oanda Japan. In a statement, New York-based Oanda […]