JP Morgan Continues FX Sales Drive; Sets Up Global Options Initiative

BANKS

LONDON--JP Morgan has stepped up its FX marketing effort this year, and is planning a 10 per cent expansion of its sales and structuring staff, according to officials. The move comes after the group suffered from a wave of senior departures earlier this year in New York and London.

In a recent interview with FX Week, David Newman, JP Morgan's global head of FX sales and structuring said that despite a period of reduced risk appetite in the market place, the US bank still sees opportunity "in

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