FX people moves: BMO sets up London FX desk

BMO Capital Markets has relocated a senior member of its FX team from Toronto, and hired two industry veterans to set up its new FX sales & trading desk in London. Heading up the desk will be Lorne Gavsie, who comes across the Atlantic as director, sales & trading. Joining the firm as director & senior trader is Derek Shewring, who has previously held senior roles at RBC and Bank of America. Most recently, he managed execution and marketing at UK buy-side firm C-View. The other new recruit is Simon Watkins, who has spent the bulk of his career trading forwards at TD Securities. Watkins will be a vice-president, sales & trading.