French bank Credit Agricole has on-boarded a new FX sales executive from Morgan Stanley, sources with knowledge of the matter have shared with Finance Magnates. Lauren Kiley will be joining after spending 9 years at the U.S. bank. She started working at Morgan Stanley in 2007 as an analyst and moved up the ranks quickly to become Vice President of FX Sales at the company’s London premises.
With the growing weight of negative interest rates on their bottom lines, global banks have been actively looking for new growth opportunities. The competition for key FX sales personnel in recent years has increased somewhat with demand for proven executives increasing materially.
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Aside from signing on new clients, FX sales teams are actively providing customers of a bank with enough information and tools in order to keep them actively engaged in the market. Insider research from a number of analysts is only one of the variety of instruments at the disposal of the sales executives.
Clients of Credit Agricole can access the electronic foreign exchange market via a variety of trading platforms. The bank’s own proprietary platform Jetstream, and multi-bank platforms such as 360T, Bloomberg, Currenex, FXAII, FX Connect and RTFX, are all available to clients.
Crédit Agricole offers to its customers a full range of spot, forward, option-based and derivative foreign exchange and precious metal products. The company has been making markets in major and emerging FX and precious metals, including gold, silver, platinum and palladium.