National Australia Bank has hired Jacqui Steel, a foreign exchange professional at Westpac Banking Corp. in New York, as head of institutional foreign exchange sales, which includes over-the-counter options. Robert Cone, senior v.p. and head of the markets division for the Americas at NAB in New York, said Steel has been hired as the Australian firm aims to pump up its U.S. fx sales coverage. Steel will start in October. She could not be reached for comment.
NAB anticipates making several additional hires in fx sales, particularly focusing the firm's efforts toward hedge funds and real money accounts, Cone said.
Officials at Westpac in New York did not return calls regarding Steel's replacement.