UBS
Markets brace for stress tests
LONDON – The euro traded firmly ahead of the European bank stress test results last Friday (July 23), despite expectations several banks will fail. But analysts warned the common currency is still a risk asset.
Trading Places, July 19, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Trading Places, July 12, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BarCap loses two in vanilla options
LONDON – Barclays Capital (BarCap) has lost two from its vanilla options team in London, the UK bank confirmed.
Trading Places, July 5, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UBS hires former BarCap sales duo
LONDON – UBS has hired George Athanasopoulos and Richard Longmore in senior sales positions in London, according to internal sources.
BNPP carves out bigger sales team
LONDON & NEW YORK – BNP Paribas (BNPP) has expanded its sales team with a key hire in London and three new starters in New York.
Trading Places, June 21, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UBS: EUR/USD could fall below parity in a year
UBS topped the 12-month currency forecast rankings this week with a positive outlook for the US dollar. Geoffrey Kendrick, director in foreign exchange strategy at UBS in London, said he based his outlook on two factors: Federal Reserve rates and the…
FX industry creates lobby group
BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.
BarCap beefs up in the US, but loses in Europe
NEW YORK - Barclays Capital has boosted its sales coverage in the US with the hires of Mike Testa, Marlena Demenus, James White and David Weiss in New York and San Francisco.
UniCredit hires new head of FX cash
LONDON - UniCredit has hired Beat Nussbaumer as European head of FX cash. Based in London, he will start on May 17, reporting directly to Nick Crawford, global head of FX in London.
Downes steps down at Citi
LONDON & HONG KONG – Nick Downes, head of FX bank sales for Europe, Middle East and Africa at Citi in London, resigned last week, according to market sources. Meanwhile, in Hong Kong, Stephenni Xie is reported to have joined Citi in FX sales.
UBS FICC revenues up in Q1
ZURICH – UBS experienced improving data from its fixed income, currencies and commodities (FICC) business in the first quarter, largely benefiting from a turnaround in the credit business.
BarCap losses trickle on
LONDON & SINGAPORE - Barclays Capital (BarCap) has lost two more staff, following the mass exodus at the end of April.
Nomura wins three in global sales
LONDON & NEW YORK - Now the bonus rounds are over, the hunting season has begun. Nomura is reported to have hired sales staff from Barclays Capital in London and UBS in New York.
Trading Places, May 3, 2010
Find out about the movers and shakers in the FX world.
JP Morgan in e-FX build
LONDON – JP Morgan is continuing to build up product capabilities on its internally developed single-dealer system, MorganDirect, after switching off the pre-existing AVT-based system JPex last month.
Szucs and Shiff join BAML
LONDON - Bank of America Merrill Lynch (BAML) continues to build up its foreign exchange franchise with the hire of a senior institutional salesperson from Morgan Stanley in London.
Mass exodus from BarCap in New York
NEW YORK - Barclay Capital (BarCap) continues to haemorrhage forex sales staff as below-average compensation makes the bank’s employees prime recruitment targets, according to market sources.
BarCap launches onshore rates and FX trading in Australia
SYDNEY - Barclays Capital has launched onshore trading in rates and foreign exchange in Sydney, as part of plans to expand its domestic and regional presence.
UBS continues to bolster FICC group
HONG KONG & SINGAPORE - UBS has continued to expand its fixed-income, currencies and commodities (FICC) team with the hires of Andy Kleeger and Frank Suen, and the promotion of Gerald Chan.
Nomura to launch multi-asset trading
Nomura plans to add trading in interest rates swaps, credit and cash bonds onto its upgraded proprietary trading platform this year, as it introduces multi-asset trading capabilities, officials tell FX Week.
Amin finds new home with UBS
Kaushik Amin has been appointed head of fixed-income, currencies and commodities trading for the Americas