Deutsche Bank
Corporates and investors need confidence to tap offshore RMB, say banks
As the internationalisation of renminbi continues to gain traction, buy-side engagement in the currency varies significantly across geographies and sectors
BNP Paribas loses e-FX strategy chief
Martin Zinkin departs the French bank after little more than a year
US pension fund sues seven dealers over FX benchmark rigging
Massachusetts-based pension fund Haverhill Retirement System is suing seven FX dealers for manipulation of the WM/Reuters benchmark rates
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of FX benchmarks
Aligning Deutsche with the complex needs of corporate clients
A year on from a major internal restructure to focus on electronic trading across asset classes, Deutsche Bank's corporate FX sales heads explain how their business has changed
BAML hires from Deutsche in prime brokerage
Luciana Miranda has joined Bank of America Merrill Lynch in New York to run futures and FX prime brokerage marketing
Lloyds hires in UK corporate sales
Andrew Stirling departs RBS after 10 years to join Lloyds in a London sales role. Meanwhile, Deutsche hires structurer from BAML, and City Index loses global head of trading
Deutsche hires in FX sales
New hire from Morgan Stanley at Deutsche Bank in London; BGC makes senior addition in China; other moves at BAML and ParFX
FX structurers see mixed demand for cross-asset hedges
Increased hedging costs in rates and credit has led some investors towards FX structured products, but some remain concerned that correlation may not hold up
VTB Capital hires Tripathi to head FX derivatives
Experienced FX options trader, most recently at UBS in Singapore, has joined the Russian bank to run its FX derivatives business
Corporate FX sales head exits Credit Suisse for Deutsche
Bryan Morales will join Deutsche Bank in New York in September, reporting to Dean Bellissimo
Compressed margins put tight squeeze on FXPB
The combination of rising costs and increased competition in FX prime brokerage has led to a squeeze on margins, but as the business attracts a wider range of clients than ever before, there is still clear demand for those that can afford to keep…
Corporates remain lukewarm on offshore RMB, despite reported growth
Data released from Swift this week suggests international trade settlement in RMB continues to grow, but corporates aren't so sure
Goldman Sachs salesperson joins Deutsche
Deutsche Bank adds to its FX investor sales team in New York with a senior hire
Bank e-FX initiative of the year: Deutsche Bank
Deutsche scoops two awards, one for its revamped AutobahnFX platform, launched last year, and another for its ACT platform for corporates trading FX
BTMU hires from Barclays in e-FX sales
Ericka Bratsiotis has joined Bank of Tokyo Mitsubishi UFJ; other staff changes at the Federal Reserve, Deutsche Bank and Goldman Sachs
Morgan Stanley re-hires FX salesman from Deutsche
Chris Hewitt is returning to Morgan Stanley in real-money sales, after a four-year hiatus at Deutsche Bank
FXPB product head exits Credit Suisse
Andrew Rosoman leaves Swiss bank after 11 years to join a competitor
Ex-Credit Suisse FX client adviser to join Cambridge Associates
Adam Duncan will join advisory firm next month; new role in London for Robert Mandeno at Deutsche Bank
Renminbi swap line expected to boost CNH liquidity
The recent agreement on a swap line between the UK and China will be a positive step for the nascent offshore renminbi market, although questions remain over how it will work
Esma under pressure to approve FX dual-reporting solution
FX market participants are pressing the regulator to support a proposed solution to the challenge of dual trade reporting without a central infrastructure to issue trade identifiers
Citi’s Feig takes on broader e-trading role
Jeff Feig retains responsibilities as head of G-10 but will now also focus on co-ordinating and developing electronic trading across asset classes
ParFX targets buy side inclusion by Q4
The platform will open its doors to non-bank market participants later this year in what will be the real test of its level-playing-field design
Deutsche’s Jason Shell takes sabbatical
David Wayne is relocating to New York to head FX in North America, while also retaining his current role as head of FX derivatives