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Milan-based Banca Profilo is set to add two more staff to its fledgling FX operation by the end of the year, says head of FX Alessandro Forconi. Forconi joined Banca Profilo in December 1999 to set up the new foreign exchange trading desk. He was previously at Caboto, where he was head of FX trading.

The bank has been building its forex presence since December, when the bank started trading FX, with the addition of Roberta Farina in March. She was previously at Banca Sella.

Sumitomo Bank has