NAB forex derivatives rejig continues

National Australia Bank (NAB) has continued its rebuilding process by hiring David Hicks as an Australian dollar forwards dealer.

Hicks, due to start his new role next month, joins from rival Australian bank Westpac, which he left last month.

In his new role, Hicks will report to ex-Westpac colleague David Jones, global head of forwards at the bank, who made the same move between the banks in August 2004. Following Jones’ departure last year, Hicks reported to Graeme Edie, who became global head of forwards for Westpac in Sydney.

Meanwhile, Paul Atkinson, formerly head of risk management services at NAB’s subsidiary Yorkshire Bank in Leeds, has left. In his former role, he reported to Richard Golding, head of markets for Europe, based in London.

Atkinson’s duties are currently being covered by a temporary replacement until a successor is found, the bank confirmed.