Citi Streamlines FX Business

Citi has continued the realignment of its FX business, which started earlier this year with the creation of its FICC group (Squawkbox, February 12), by announcing a host of senior appointments within the global FX group. The bank says the move is designed to flatten the FX business’ management structure and to “bring top decision […]
Read More »

Merrill Reorganises Currency Business

Merrill Lynch has restructured its currency business within its FICC group with the creation of a global currencies group. The new group brings together Merrill’s local currency and G20 trading groups under the co-leadership of Karan Madan, currently head of global local currency trading and head of foreign exchange for the Americas at the bank, […]
Read More »

RBC Capital Markets Names Co-Presidents

Doug McGregor and Mark Standish have been appointed co-presidents of RBC Capital Markets reporting to Chuck Winograd, chief executive officer. As co-presidents, Standish and McGregor have joint responsibility for chairing the operating committee in its oversight of day-to-day operations globally. Standish, who is based in New York, will remain responsible for the bank’s global activities […]
Read More »

NAB Reshapes Markets Business after Scandal

NabCapital, the capital markets division of National Australia Bank, has signalled its intention to re-enter as a player in the global financial markets after working for the past two years to implement new strategies in the wake of its disastrous FX options scandal in early 2004. John Hooper, CEO of NabCapital says its “culture weaknesses” […]
Read More »

Deutsche Bank Markets Retail eFX Business in Hong Kong

Deutsche Bank has begun marketing its dbFX margin foreign exchange trading platform for retail traders in Hong Kong. The move follows the launch of dbFX in London in May 2006. The platform offers streaming quotes for 24 currency pairs, 24-hour execution, live chat with FX sales staff, and customer support in nine languages targeting retail […]
Read More »

Renaissance Deal Expands RBS in Russia

The Royal Bank of Scotland (RBS) has entered into an agreement with Renaissance Capital, Russia’s largest investment bank, to jointly provide currency, interest rate and credit derivatives to its government, corporate and institutional clients in Russia RBS says the agreement between its global banking and markets unit – its investment bank arm – and Renaissance […]
Read More »

Senior Appointments at Deutsche Bank

Deutsche Bank has appointed Chris Whitman as group treasurer and Knut Pohlen as deputy group treasurer with immediate effect. Whitman, formerly head of debt capital markets at Deutsche Bank in North America, will be based in London and will report to Richard Evans, deputy chief risk officer. He was the head of debt capital markets […]
Read More »

Calyon Relocates Eedle?

Sources tell Squawkbox that Simon Eedle is moving from his position as managing director and treasurer of Calyon in New York to live in Bahrain to help further build and develop Calyon’s Islamic banking services. A spokesperson for Calyon declines to comment on the move.
Read More »

SG Names New FICC Heads

Socit Gnrale has named the co-heads of its newly formed Fixed Income, Currency and Commodities (FICC) unit, as part of the restructuring of its Corporate and Investment Banking group. The establishment of the FICC division, which was announced by the French bank in September (Profit & Loss, October 2006), sees Marc Breillout and Gregoire Varenne […]
Read More »

ABN Cuts in North America

ABN Amro has revealed that it is to reduce its North American workforce by five percent in 2007, amounting to 900 jobs. The staff reductions will occur within the bank’s Business Unit North America and will affect LaSalle Bank and its subsidiaries and ABN’s global businesses operating in the US. The move is not a […]
Read More »
1 2 3 4 5 85 86 87 88 89