First Chicago Expands In Far East With FX Sales And Trading Push

BANKS

First National Bank of Chicago is making a "significant" expansion in both trading and marketing foreign exchange in Asia by relocating two senior managers from Chicago to Hong Kong, according to Britt Swofford, senior vice president and head of worldwide foreign exchange based in Chicago (FX Week, November 21).

In a move to extend market making in the regional currencies, First Chicago will relocate Kent Smith next month to head a new risk management function. Management of the major currencies

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