FX Week

Handelsbanken Shifts Frankfurt Trading In Global Restructuring

BANKS

Svenska Handelsbanken has closed trading operations in Frankfurt and transferred the branch's trading businesses to other units globally, says Anders Jansson, head of global trading.

The move completes the bank's restructuring plans to integrate its foreign exchange operation and treasury business into a single organisation.

Jansson says 12 trading units were reduced by one earlier this year. "The trading unit based in Frankfurt had a small interbank business which is now being covered by the