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SG Cuts FX Staff in London
Following recent news of planned staff cuts at Societe Generale Corporate & Investment Banking (SG CIB), Profit & Loss understands that at least three senior FX staff have left the French bank. Tom Gillie, managing director, global head of FX trading, and Keith Hill, global co-head of e-FX sales at SG CIB, are among the early cuts to the FX team. Richard Ware, a senior sales/trader has also reportedly left. Sources say additional cuts were made to the FX team, but roles and numbers could not be determined by time of going to press. These sources add that the US team will also be impacted, but that the cuts have not yet been announced. SG declines to comment.

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