Wachovia adds institutional FX sales dealers in London

Lynn Tierney, vice-president of currency risk management at Wachovia in Charlotte, North Carolina, said the expansion would be helped by the bank’s existing distribution network.

"We’re committing resources to the institutional market by leveraging what we have. There are not that many banks who have 32 representative offices around the world. It’s fabulous to use that talent," Tierney said.

The bank is targeting financial institutions, funds, asset managers, government entities and internal