ABN Amro Relocates Singapore G7 Foreign Exchange To Sydney

FRONT PAGE NEWS

SYDNEY--ABN Amro Bank is moving its Asia-Pacific forex trading operations in the currencies of the Group of Seven (G7) major economies to Sydney from Singapore, ABN officials in Singapore told FX Week.

Job losses will result, but they will total no more than 15 from the FX operation and ABN's G7 fixed-income business which is moving to Tokyo from Singapore, say officials.

ABN's decision is part of a recent trend among banks in the region to centralise trading in major currencies in a single o

To continue reading...