Managing a Foreign Exchange Department

The purpose of this book is to help bankers in their task of establishing, developing, and supervising foreign exchange departments. The essays included provide insightful and explanatory comments of a general nature in an area where no two institutions are likely to have similar needs or opportunities. The scarcity of books on foreign exchange departments is largely due to this diversity. Rudi Weisweiller's edited collection will appeal to the bankers who want to collaborate closely and successfully with personnel in foreign exchange departments and also to those actually engaged in the day-to-day work of those departments.

This is partly a book for foreign exchange dealers and partly a book about them. Each contributor to this book is experienced and still active in the field of foreign exchange. Their accumulated experience has led to this knowledgeable volume, which will be useful to present and future practitioners as a general overview of the foreign exchange department in the modern financial institution.

RUDI WEISWEILLER is a currency consultant and former foreign exchange dealer in the United Kingdom. He joined the merchant banking firm of J. Henry Schroder & Co. in 1948 and was their Chief Foreign Exchange Dealer from 1953 to 1960. After four years with Philip Hill, Higginson, Erlander Limited, where he was the Manager of the foreign exchange department, he became an adviser to industry and a lecturer on foreign exchange in many parts of the world. He is author of Foreign Exchange (1972), Introduction to Foreign Exchange (1983), and How the Foreign Exchange Market Works (1990).