Westpac expands foreign exchange sales

Dorene Mallon has joined Westpac in New York today as a senior vice-president in institutional foreign exchange sales. She reports to David Beale, global head of institutional sales at the Australian bank in London.

Beale told RiskNews' sister publication FX Week that Mallon’s appointment is a continuation of the bank’s strategy to build institutional forex in both London and New York. "The business has grown very strongly over the last few months and we are looking for that to continue in 2004."

Mallon leaves a similar role at HSBC in New York to join Paul Thomas, who joined from AIG in New York as an assistant vice-president in institutional FX sales in October.