Bank Of America Boosts FX Sales With Slew Of New London Hires

BANKS

Bank of America (BofA) has announced a slew of new hires in FX sales at its foreign exchange group in London which are designed to boost the bank's penetration of corporate and institutional markets in the U.K., continental Europe and the Nordic countries.

"The aim is two-fold," says Paul Chappell, director of global foreign exchange trading. "We're looking to increase our penetration of our existing client base in the U.K. and Europe and service them better. And we want to substantially incr