FX options trading veteran Gaelle Cohen has joined Morgan Stanley’s team in London, sources with knowledge of the matter confirmed to Finance Magnates. The move comes after she held a senior role at the FX Options desk of Credit Suisse for over three years.
Ms Cohen has been engaged in the foreign exchange options market since 2005 when she joined French bank Credit Agricole. After spending two years at Dresdner Kleinwort Wasserstein she also joined CIBC Capital Markets for a short stint in 2012.
Finance Magnates has reached out to the London office of the bank for further details but at the time of publication has not received any official confirmation.
Boosting Profits in Low FX VolatilityGo to article >>
Despite worries about Brexit, London-headquartered European trading units of major banks continue to be a dynamic space for senior foreign exchange executives. While the pace has stalled, the job market has remained somewhat active.
Recently Morgan Stanley announced that it is expecting to shift some jobs from London to Dublin and Frankfurt. That said, the company has not elaborated so far on the specific areas of focus for the moves.
Senior personnel for trading units is not easy to find across the globe and major London-based banks are not likely to be hasty when moving their top talent.
Recently a growing number of US and European lenders announced operational reshuffling moves to continental Europe. Morgan Stanley joins Barclays and Standard Chartered as it looks at the remaining 26 members of the EU. With Dublin being the frontrunner, major banks are currently in wait and see mode, awaiting further political developments related to Brexit.