Swiss Bank Plans Warburg FX Merger In 18 Months, Revamps FX Sales Group


Although Swiss Bank Corp. has officially merged with U.K. merchant bank S.G. Warburg to form SBC Warburg in London, Warburg's treasury and foreign exchange trading groups remain intact for the moment, according to Andy Siciliano, SBC's global head of foreign exchange. He says that this will remain the case for another 18 months until Warburg has completely discharged its obligations to former fund management subsidiary Mercury Asset Management (MAM), which is now an independent company.