Westpac boosts City presence


LONDON -- In a bid to expand its presence in the City, Westpac Banking Corp has hired a new head of FX sales, and created an e-commerce role to build its online trading initiatives in Europe.

New sales head Kurt Magnus, who joins on November 12, will target fund management clients. He replaces David Grinnell, who has the newly-created role of head of e-commerce and new business development in FX in London.

Magnus is expected to increase the bank's profile in the fund management sector. "We

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