Kemp takes FX helm at Merrill

Kemp, who leaves his position as head of FX trading at Morgan Stanley in New York, will succeed DeSa as managing director and global head of the FX group over the next few weeks. DeSa plans to pursue “some long-standing outside interests, both personal and professional” but will remain at Merrill until the end of June to assist in the transition, said Greg Fleming and Dow Kim, co-presidents of Global Markets and Investment Banking at the the firm in New York.

Sources close to the bank said th