Banamex Makes Aggressive Move To Expand New York FX Operation

BANKS

Banco Nacional de Mexico (Banamex) is doubling the size of its foreign exchange presence in New York, sources say. Treasurer and chief dealer Nigel Dousie was recently transferred from London to lead the New York branch's expansion, which he says should be completed within the next 10 weeks.

"The bank as a unit is getting more aggressive in the trading area, but the big push will come from New York because of its geographical location," says Dousie. In addition to New York, Banamex also has t

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