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RBS joins in on the parade of senior FX sales poaching

Yet another senior FX salesperson has changed seats in the U.S., adding to the growing list of foreign exchange specialists who have recently been poached by rival banks that are actively looking to grow their teams. Martin Amann, former director of foreign exchange sales at BNP Paribas, has been hired in the same role at RBS. He started earlier this month at the bank’s trading hub in Stamford, Connecticut.

The news comes just two weeks after we reported on the game of musical chairs that’s currently underway in FX sales, with several big names having been persuaded to leave their longtime home. Mark Haber, the former head of U.S. corporate FX sales at Nomura, just jumped to Morgan Stanley. Meanwhile, Mark Veale, a 20-year veteran of corporate FX sales and origination who spent the last 12 as a director at Citi, departed for Wells Fargo. Then there’s Maria Olson, a former director of corporate FX at Barclays, who joined Deutsche Bank in September.

“Literally every bank has a search” open for senior FX salespeople, according to a New York headhunter. “They are having problems finding people.” Most likely, banks have been throwing money at senior salespeople to convince them to move as none of the aforementioned hires appear to have been promoted or moved up a rank.

Amann spent the last four years at BNP after a six-year stint as the director of global macro sales at Credit Suisse. He had previous stops at Lehman Brothers and Connecticut hedge fund Five Mile Capital.

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AUTHORBeecher Tuttle US Editor

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