Forex dealers desert Pru-Bache

He is one of a string of foreign exchange dealers to leave the firm over recent months, many of whom had worked together at Prudential for more than a decade.

Davison, who has been at Prudential for about 13 years, resigned to take up another FX position, said sources close to the firm.

He followed Richard Plane, London-based head of FX sales, who finished his contract on March 11 after 18 years at the firm. He was demoted last year from his former position as co-head of global FX in London.