Jeremy Stretch, previously senior currency strategist at Rabobank, will join CIBC in late July as head of FX strategy in the bank’s macro strategy team.

Paul Day left his position as chief market analyst at MIG Bank, the Swiss FX broker, back in March to spend more time with his young family in England. He has resurfaced at Market Securities, part of the Kyte futures group, and will focus on fixed income as well as FX.

David Woo, head of global FX strategy at Barclays Capital, resigned last week. Woo is something of a face in FX research – in fact, he is so highly regarded that the weeklyFiX once commissioned an article from him (Quantifying the USD-oil link). Woo joined BarCap from Citi in 2004. Before that he was at the IMF. Sources predict Woo is destined for Bank of America Merrill Lynch.

Both as an attractive, highly profitable business for banks and a provider of increasingly vital services for corporate clients, transaction banking is in the limelight. Euromoney speaks to leading bankers in the sector about market conditions and likely prospects.

FX survey 2010 results FX survey methodology

Competition heats up in the global foreign exchange industry.

We wrote of the likelihood of the acquisition of platform ODL’s remaining business by Forex Capital Markets (FXCM) back in February (FXCM might have it all) – we can now confirm that the deal has been done.

Competition heats up in the global foreign exchange industry.

Morgan Stanley is back in the top 10 in the FX survey. Investment in people and technology seems to have paid off. Alexandra Fletcher reports.

In 2007 Royal Bank of Scotland and Barclays stood head to head, as they tussled for control of ABN Amro. In the end, RBS won that scrap but Barclays has been winning most battles ever since. In foreign exchange, the two banks have developed very similar global markets franchises; they shared a very similar footprint, spoke to a similar set of clients, and also established themselves as top-five players.

It was no surprise to see them improve FX market share this year after emerging from the banking crisis relatively unscathed, writes Trevor Carr.

SEB, Danske and Handelsbanken rank in the most improved banks, writes Trevor Carr.

The results of this year’s Euromoney FX survey suggest that, rather than cement the dominant position of leading banks, e-commerce could offer firms that have lagged behind the chance to catch up. But they’d better do it soon – rich rewards await those that can secure the largest pools of liquidity. Hamish Risk reports.

Longmore latest senior FX exec to leave; But UK bank continues to build market share