Westpac FX overhaul complete

FRONT PAGE NEWS

SYDNEY -- Westpac has completed a thorough overhaul of its global foreign exchange business, in a process that has lasted more than a year.

During that time, the bank has hired four new traders in Sydney and London, moved one trader from Sydney to Wellington and moved its head of institutional sales from Sydney to London.

The moves were made in response to customer demand; surveys that revealed the bank was underperforming in certain areas, and in response to a growing institutional client ba