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Foreign Exchange

HSBC FX veteran leaves bank

A 26-year veteran at HSBC, who worked in the bank’s FX e-risk group, has left the firm, EuromoneyFXNews can reveal.

According to sources, Gareth Cook’s position had been made redundant, as part of the bank’s so-called organizational effectiveness programme, which aims to remove inefficiencies in the 296,000-strong organization. He had reported to Richard Anthony, global head of FX eRisk. Cook, who began his career at Midland Bank in 1986, had previously traded spot FX across the G10 and commonwealth currencies.

HSBC declined to comment.

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