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The CME has hired David Shuler as managing director, alliance and venture management. Shuler will be responsible for directing the exchange’s investments in new businesses and strategic partnerships, including joint ventures, global alliances and other growth initiatives. He reports to Ken Vroman, the CME’s managing director and chief corporate development officer.

HSBC has hired Joe Norena as its global head of FX business management and development, global foreign exchange – effectively this is the role of chief operating officer. Norena is an industry veteran, having served 13 years at Citibank in New York, and 11 years at Deutsche, where he held a variety of senior roles, including COO global FX and commodities. He has been on the buy side since 2005. Norena will report to Frederic Boillereau, HSBC’s global head of FX and metals. An internal memo says Norena, “will be responsible for all aspects of business management and development for global FX, and play a critical leadership role across the business in participating and executing our strategy to provide clients with a seamless and integrated global product capability. His experience of building Deutsche's e-commerce platform will also be invaluable as we continue the growth of our e-commerce business.”

Société Générale has hired Anna Faustini to head its corporate FX desk in New York. The bank says Faustini will be responsible for marketing its strategic initiative to US clients. Faustini, who was previously at Bank of America and before that at Citibank, reports to Arnaud Achour, head of capital markets and syndicate for the Americas, and to the global co-heads of interest rates and FX derivatives, Pascale Moreau and Albert Loo.

Citi has hired Gautier Chauvin, who was previously at Goldman Sachs, to head FX investor sales in France. Chauvin will be based in Paris and report to Jan Bak, head of investor sales Europe.

BofA president bullish on prospects; Firm maintains top three revenue slot

Steady supply for three months shows market is back; Sub-investment-grade names welcomed

Fortis acquisition gives unprecedented scale; Organic growth continues in France, Italy

Officials from the Gulf Cooperation Council have set 2013 as the new deadline for the region’s common currency, according to Standard Chartered, quoting local media reports. The initial deadline for the project was 2010 but progress has been slow and complex, with both Oman and the UAE pulling out of the union. Despite this, Bahrain, Kuwait, Qatar and Saudi Arabia have decided to go ahead. But Standard Chartered says that even if the union is effected, excluding the UAE means the region’s second-largest and most diversified economy will be outside it.

FX retail leader might look offshore; Regulators’ moves “may not help investors”

Saxo Bank has purchased stakes in two specialist asset managers, taking the entire share capital of Capital Four Management and 51% of Global Evolution.

Time won’t solve problems; Transparency is paramount

The retiring chairman of Rabobank urges a new model of bank ownership; The view from a survivor is that the worst may be to come