Trading places

Richard Murphy has joined Calyon in London to trade emerging markets spot and forward FX, reporting to Philippe Jean, global head of emerging markets. Murphy joins from Royal Bank of Canada in London, where he was a senior emerging markets dealer, reporting to Steve Darling, head of emerging markets in London.

Murphy replaces Minh Phung, who joined Bear Stearns in London in August as a spot and forwards trader (FX Week, October 11).

RBS loses Scandi dealer

Johan Holstrom has left Royal Bank of