FX survey 2014: The trials of a global head of foreign exchange

Clive Horwood
Published on:

Who would be a global head of foreign exchange in a market like this? Most of them are spending the vast majority of their days dealing with investigations, rather than thinking strategically about their business or going out to see clients.

"I worry about this stuff 25 hours a day," one FX head wryly tells Euromoney. Their businesses are under investigation; their own conduct is as well.

"We all know that if something comes up, we’ll never work in this industry again," he adds.

They’ve already seen a number of senior FX bankers call time on the market and move on to pastures new. They know...