Banco Santander Moves Tokyo Staff As FX Trading Starts In Singapore
BANKS
Banco Santander, Spain's largest bank, has relocated a treasurer and six traders from Tokyo to its newly opened offshore branch in Singapore, as part of a major expansion of foreign exchange and other treasury business in the Far East, according to the bank's chairman, Emilio Botín-Sanz de Sautuola y García de los Ríos.
The Singapore branch is now Banco Santander's Asia-Pacific headquarters - a move that was forecast earlier this year by international treasury director José-Manuel Hernandez
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