Nomura picks head of sales in North America, eliminates trading jobs in Dubai. Goldman Sachs hires from Deutsche Bank for Australian push. FXOne and Redline upgrade trading systems.
NOMURA: The Japanese financial services firm has picked a former Morgan Stanley executive to head the sales of its foreign exchange services in North America.
The pick: Tom Haskins, who will handle foreign exchange and emerging markets for Nomura in North America, according to FX Week.
Haskin was managing director and head of emerging market and foreign exchange sales for the Americas in New York for Morgan Stanley. He left when Morgan instituted roughly 1,600 cuts across the company.
Nomura itself continues to reshape itself, eliminating three foreign exchange trading jobs in Dubai in its attempt to produce about $1 billion in savings, according to Bloomberg News.
The traders left the bank last week, according to one company insider.
Nomura said in September it will reduce costs by $450 million in Europe and the Middle East, $210 million in the Americas and $340 million in Asia, including Japan. About 45 percent of the cuts worldwide will be from trimming staff, with the rest coming from reducing other operational expenses.
GOLDMAN SACHS: The investment services firm has hired Catherine Rich to be executive director of institutional foreign exchange operations in Sydney, Australia.
Rich comes from Deutsche Bank, where she worked in institutional foreign exchange sales, according to Dow Jones.
She will focus on institutional sales to clients like fund managers and report to David Nolan, Goldman’s Australian head of foreign exchange, David Nolan.
FXONE: The operator of an automated trading platform for foreign exchange said it is now certified to send messages to Knight Hotspot FX.
FXone said it completed a Financial Information Exchange certification, in order to send customer instructions to the electronic communications network.
Knight Hotspot executes foreign exchange trades; FXone now supplies Hotspot products and services to brokers serving buyside institutions around the world.
REDLINE TRADING SOLUTIONS: The provider of market data and order execution systems said it now supports the Thomson Reuters FX Matching platform in its ticker plant.
Thomson Reuters pricing data has been added to Redline’s InRush 3 Accelerated Ticker Plant.
Redline’s InRush ticker plant also supports equities, options, and futures trading.
