HSBC Streamlines UK Treasury, In Preparation For Euro Launch

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LONDON--HSBC Midland has restructured its UK capital markets group, with moves to further establish its cross-product marketing team, as well as streamlined a number of the trading and sales functions in London.

The restructuring has resulted in a total of 20 staff departures from HSBC's UK treasury operation over the past six weeks, four of whom were in FX sales, says FX manager Rob Loewy.

HSBC's press department previously told FX Week that 20 forex traders were cut in a wider downsizing of