Koram takes merger lead

Keon-Ho Kang, head of FX options, and HJ Rhoo, head of spot and forwards FX, at Koram Bank in Seoul, will carry over their existing roles to the combined bank. But Citigroup's Sung-Bai Hwang, head of corporate sales and structuring in Seoul, takes the top sales job, managing all FX sales teams including currency options and derivatives.

There will be no redundancies in FX as a result of the merger, as there is little overlap in clients, said Hwang. Citigroup focused on a few large clients in