AargauischeKB Hires Forex Team From BaslerKB For Markets Group

BANKS

AARAU--Aargauische KantonalBank (AKB) is forming a new capital markets division at the bank's headquarters in Aarau, Switzerland, which will be staffed by a five-strong team from Basler Kantonalbank, confirms a spokesperson for AKB. The division will start trading at the beginning of August.

According to Urs Bosisio, who will head the new division, Aarau's economy is growing. The private banking market is well established there, says Bosisio, and it therefore makes sense for the bank to have

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