HVB to shift global FX sales head to London

Mills is now based in Munich -- the bank's traditional trading centre -- but will join global head of forex trading Georg Kirchner in London as part of a move that saw European FX trading operations centralised in London.

European forex price-making is now done out of the bank's London office, a move senior officials told FX Week is already paying dividends.

Concentration

"All flows are concentrated in one trading room, which gives us a chance to be more profitable," said Kurt Szesny, managin