First Union National Grows FX Team In Drive To Service Regional Base

- By FX Markets Staff
- @FXMarkets_
- 16 May 1994

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First Union National Bank of North Carolina is pressing ahead with an expansion plan for its foreign exchange business with six new hires since January (FX Week, January 31). Sources claim that the bank is fostering growth by "integrating its increasing function expertise with servicing of its regional client franchise."

"Competing with the major money-centre banks is not the big strategy issue for us," says Mark Gargano, First Union's manager of foreign exchange. "We're not trying to imitate any

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