Bank of New York hires O’Leary from UBS Warburg

He will also be looking to expand the US bank's range of foreign exchange (forex) trading and research products in continental Europe.

O'Leary was previously co-head of the emerging markets group at UBS Warburg in London. Before this, he was managing director at Bankers Trust, with responsibility for derivatives distribution to financial institutions across North America.

The Bank of New York has total assets of around $76 billion. Its global markets division includes forex and interest rate risk management, trading and sales.

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