“I am moving my G10 spot and options businesses to Dubai from London. The team of nine traders will be managed by Richard Selby, formerly head of London trading,” he says.
Leighton is keen to stress that Standard Chartered is not abandoning the UK. “We are absolutely not closing down London – some spot, forward and NDF and option traders will remain here,” he says. “We are creating a risk management hub in the Gulf which creates alignment with our extremely active customer franchise in the region both for G10 and GCC [Gulf Cooperation Council] currencies.
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