HSBC Sacks Top Foreign Exchange Trader

The London-based HSBC head of foreign exchange trading for Europe, the Middle East and Africa has been sacked.

Stuart Scott was dismissed from his role on Tuesday, according to sources. HSBC declined to comment.

The dismissal comes in the wake of the investigations launched by authorities on both sides of the Atlantic.

In 2007, Mr Scott won the FX Week annual award for Best Bank for Emerging European, Middle-Eastern and African Currencies.

Last month, a forex trader at investment bank Goldman Sachs’ London office left his job following claims of misconduct during previous employment at HSBC.

Read on.

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