In April we reported the whispers that Richard Longmore, Barclays’s ex-head of European institutional FX sales, would turn up at Lloyds (FX people moves: More on Longmore). We still think there is some substance behind the talk but it is Lloyds’ policy is to decline to comment on staff moves until they actually occur.
So perhaps it would be prudent to adopt Lloyds’ policy and wait for Longmore to take a seat somewhere before reporting on his whereabouts. But that would mean we couldn’t write that the latest guess is that he is UBS-bound. The Swiss bank also declined to comment.