CIBC London Hires Forex Team From Warburg To Trade Majors
BANKS
Canadian Imperial Bank of Commerce has reconsidered its decision earlier this year to back away from non-Canadian-dollar trading, hiring a new team of five foreign exchange traders from S.G Warburg, bank officials confirm. The five appear to replace a similar number of traders made redundant in London at the beginning of this year (FXW, February 6).
The Warburg team is headed by Larry Arber, head of FX at Warburg, who will become European head of foreign exchange at CIBC Wood Gundy in London. He
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