UFJ’s FX in peril post-merger

The merger of UFJ Bank and Bank of Tokyo-Mitsubishi (BTM), which was announced in July, is likely to result in job cuts – and most believe UFJ’s FX team would be the losers in a tie-up. "There will be quite a few FX people going," said Steven McCrandle, consultant at recruitment company, Hudson Global Resources in Tokyo. He argued that losses would largely be from the UFJ camp, adding: "I would guess they are already meeting head hunters."

One head of FX at a US bank in Tokyo said that with o

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: