UBS
Buy-side targets capital efficiency, says UBS
Findings of UBS analysts stoke fears of race to the bottom among over-the-counter derivatives clearing firms
Deutsche takes the top spot for FX in Q3
ZURICH & FRANKFURT – Deutsche Bank has proved its FX credentials by being the only bank so far to report higher FX year-on-year revenues for the third quarter, despite lower volatility and tight spreads.
Fleschler resurfaces at Goldman Sachs
Robert Fleschler, formerly global head of electronic FX sales and distribution at Lehman Brothers, has joined Goldman Sachs as vice-president of e-FX sales for the Americas.
Trading Places, October 18, 2010
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SocGen hires two in trading
LONDON - Société Générale hired two new foreign exchange options traders in London last month, confirmed an internal source.
Garwood returns to sell-side
LONDON - Lloyds TSB has hired UBS veteran Rob Garwood as its new head of global FX sales to strengthen its UK sales team in London.
UBS unites FX and interest rates in new role
LONDON - UBS has appointed Philippe Balland as global head of interest rates and FX quantitative research, a newly created role that unifies interest rates and FX research portfolios.
Kemp named managing director at Afme FX division
The Association for Financial Markets in Europe (AFME) has named James Kemp as managing director of its recently formed global foreign exchange division.
SocGen makes key options hire in London
LONDON - Société Générale has hired Tariq Haider in London as head of the options desk, according to market sources.
BarCap loses a further two to UBS
LONDON - UBS is continuing to lure FX staff away from Barclays Capital, with two additions from the UK bank in London.
Trading Places, September 27, 2010
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UBS sources another ex-BarCap talent
UBS is continuing its senior management restructure with the hire of Andrew Kaufmann from Barclays Capital (BarCap) as global head of FX structuring, confirmed an internal bank source.
Vol drops as BoJ intervention proves successful
TOKYO - Yen volatility dropped sharply as intervention by the Bank of Japan (BoJ) last Wednesday (September 15) proved successful, leaving the dollar/yen range-bound into the end of the week.
Morgan Stanley hires trading head in Asia
David Hong has joined Morgan Stanley as a managing director and head of FX and emerging markets trading for Asia, based in Hong Kong.
JP Morgan slashes commodities desks
Fate of other prop desks unclear ahead of enactment of Volcker Rule
Trading Places, September 6, 2010
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Lloyds TSB hires Yates
Lloyds TSB Corporate has hired Sara Yates as sector economist in London, the bank said today (August 25).
Best at FX Bridge
ATLANTA, GEORGIA – Stephen Best joined FX Bridge Technologies as chief executive this month.
Trading Places, August 23, 2010
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Trading Places, August 16, 2010
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Banks post sluggish first-half results
LONDON & ZURICH - UK banks followed regional peers by reporting a sharp year-on-year drop in first-half revenues from fixed-income and currencies businesses, which were marred by a falloff in volatility and a retreat from risk.
HSBC in second senior trading hire
LONDON & HONG KONG – HSBC has announced another senior trading hire this week, this time in Hong Kong, confirmed a bank spokesperson.
Trading Places, August 2, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UBS nabs BarCap trio in e-FX
LONDON - UBS has hired an electronic algorithmic trading team from Barclays Capital (BarCap) in London, according to an internal announcement today (July 27).