National Australia Bank has beefed up its U.S.-based foreign exchange team with the hire of a new head of forward trading and the transfer of a senior strategist to New York. NAB has hired Graham Davidson, a foreign exchange forwards trader at Westpac Banking Corp. in New York, in a newly created position as head of forward foreign exchange trading, and transferred Michael Jansen, senior strategist at NAB in Sydney, to its New York City office, said Robert Cone senior v.p. and head of the markets division for the Americas in New York. Jansen said his new role is wide-ranging, including foreign exchange and commodities and may involve derivatives-based strategies. Davidson had not taken up his new role when DW went to press last week.
NAB is committed to building an institutional presence in North America, Cone said. Last summer the firm hired Jacqui Steel from Westpac to head foreign exchange institutional sales (DW, 8/19). Dorene Mallon, head of foreign exchange sales at Westpac in New York, to whom Davidson reported, was traveling and could not be reached for comment.
