Goldman Sachs Starts FX Desk In Hong Kong; New Group Takes Part Of Options Book In Asia

NON-BANKS

Goldman Sachs has opened a new foreign exchange trading operation in Hong Kong, according to an official at the U.S. investment bank in London. The new office is assuming part of the task of trading Goldman's global options book in the Asian time zone, he says.

Michael O'Brien, co-head of Goldman's global foreign exchange and fixed-income group along with New York-based Lloyd Blankfein, says the new Hong Kong office has 10 traders. The currency options group there is now sharing management of