Bank of New York hires O’Leary from UBS Warburg

The Bank of New York has hired Raymond O’Leary as head of European sales in its global markets division in London. O’Leary, who joins the US bank from UBS Warburg, will have a particular focus on the strategic development of its risk management capabilities, including derivatives products coverage.

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.