Australia's St George Bank Starts Asian Currency Desk

BANKS

Regional Australian bank, St George Bank, is expanding its forex activities in the Asia-Pacific region and has recently hired Chris Finn to head a new spot and forward Asian currency desk in Sydney, says Craig Busch, manager of FX and correspondent banking.

"We have a number of customers now that are requiring derivatives advice on Asian currencies, so we want to be able to provide solutions with options structures and hedging tools," says Busch. "We have a comparative advantage in the Austra

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