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Tom Rae has left Goldman Sachs after nearly six years to join Barclays Capital’s foreign exchange (FX) desk in London, Finance Magnates has learned. The move comes amidst a period of flux for the FX industry, namely in regards to London trading desks at several big name lenders that have seen a high uptick in the degree of personnel turnover over the past year.
Mr. Rae is the latest to be on the move in what has been a turbulent stretch for the financial services industry. Given waning profit margins and sagging revenues at lenders, many FX desks and other units ... (read more)