Sakura Bank Makes Key Hires To Bolster Forex Team In London

BANKS

Sakura Bank is beefing up its foreign exchange trading operation in London with two senior hires, including its first proprietary trader, says FX manager Richard MacDonald. Sakura has been upgrading its FX and capital markets group in London since April, when BZW colleagues MacDonald and Dennis Rooke (previously BZW's global FX and money markets chief) joined the bank to lead the effort (FXW, April 8).

Paul Tew started last week as deputy head of foreign exchange, with primary responsibility