Robert Mackenzie Smith
Follow Robert Mackenzie
Articles by Robert Mackenzie Smith
Crédit Agricole wins with steady euro bet
Crédit Agricole accurately forecast a modest dip in EUR/USD and a rise in USD/JPY in its mid-February forecasts, landing it at the top of the three-month rankings
Moore and Francis step up at Lloyds
Richard Moore and Clare Francis have been promoted to new management roles in the wholesale banking and markets division at Lloyds
Yen will go from strength to strength, says ANZ
The Australian bank forecast a yen revival last month, landing it at the top of the one-month rankings – and it expects the Japanese currency will continue to gain ground this year
MIG Bank opens for business in London
The Swiss online trading specialist has received approval from the FSA to open a subsidiary in London, just weeks after it opened in Hong Kong
CME kicks off client clearing ahead of competitors
CME stole a march on rivals when it cleared its first NDF last week, as the Brazilian real contract was a client trade
Ex-Credit Suisse e-FX head joins RBS
Nicholas Barker, who left Credit Suisse in November 2011 and had previously worked at UBS for 10 years, has joined RBS
HSBC hedge fund sales head to join JP Morgan
Michael Spencer, who has resigned from HSBC, is expected to join JP Morgan to work in hedge fund sales
Eurozone crisis is a 'bomb about to explode', says Neil Record
The founder and chairman of Record Currency Management believes the euro has been mortally wounded and will struggle to survive in its current form
Spotlight on: Neil Record, Record Currency Management
The founder and chair of Record Currency Management talks to Robert Mackenzie Smith about the growth of the firm over the past three decades, as well as the challenges posed by the financial crisis and his shortlisted entry for the Wolfson Economics Prize
Credit Suisse expands FX sales in Moscow
Tatiana Minayeva, formerly of Citi, will join Credit Suisse next month to focus on financial institutions sales
ITG rolls out forex TCA
New York-based technology provider ITG launched its new transaction cost analysis tool for FX earlier this week
Cyprus becomes latest stop in Saxo’s global expansion
Saxo Bank is continuing its move into new markets with the opening of a Cyprus office today, headed up by Vitali Butbaev
Barclays hires former RBS FX sales head
Lisa Francis, Royal Bank of Scotland’s former head of FX sales for the UK and northern Europe, is due to join Barclays later this year
MarkitServ connects Swift to broaden FX clearing reach
MarkitServ last week announced it had partnered with Swift to create a single point of access for Swift users to access multiple FX CCPs
Chart-topping CMC goes against the grain on yen
Strategists at CMC Markets took an accurate view on the long-term direction of two major safe-haven currencies in 2011, landing the firm top in the 12-month forecast rankings
ADS Securities pitches to high-net-worth individuals
The Abu Dhabi-based trading firm last week launched ‘Prime’, a new service targeted at professional and high-net-worth forex and bullion traders
Reserve managers cling to the dollar but shun the euro, survey finds
Many central banks have reduced their holdings of euro reserves and looked to diversify into non-traditional currencies as a result of the ongoing eurozone crisis
HSBC on top with slow-burn forecast on yen weakness
Strategists at HSBC took the view in early January that the yen would weaken, but less acutely than some anticipated, landing the bank at the top of the three-month forecast rankings
Middleware providers square up to challenges of NDF clearing
Traiana and MarkitServ are vying for market share in the connectivity business, which is becoming more crucial as participants seek to connect to FX CCPs
Nomura appoints new FX structuring head
JP Morgan veteran Tim Owens has joined Nomura this week as global head of FX structuring
Goldman Sachs sales director departs for Nomura
Evren Pacalioglu Tore has left Goldman Sachs and will join Nomura later this year
Morgan Stanley calls time on euro and sterling rally
The US bank accurately forecast the euro and sterling would rally moderately against the US dollar during the first quarter, landing it at the top of the one-month rankings, but believes both currencies will now depreciate
Francis leaves top sales role at RBS
Lisa Francis, head of UK and northern European FX sales, has left Royal Bank of Scotland
FXall appoints new Emea head as Warms departs
Mark Warms will leave FXall this week, having been with the firm since its inception, to be replaced by James Watson