Crédit Lyonnais Revamps In Asia Making Singapore Regional Base

BANKS

In tune with global plans to reorganise around product lines, Crédit Lyonnais has begun a restructuring of its Asia-Pacific operations, which should be official on January 1, but could take up to two years to fully implement, officials say (FX Week, December 12).

Crédit Lyonnais has developed five product lines in the Far East. Foreign exchange is centred in Singapore, interest-rate derivatives and bond trading are based in Hong Kong, and the other two lines haven't been fully defined yet,

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