Danske Bank's local focus pays off
The bank has hired three people to cover New York and Singapore trading hours, in response to increasing demand for the service from local clients and global banks, particularly in India and the Middle East. Retail business has also seen strong growth this year, and an early investment in this sector has paid off, says Karlsson. "We were one of the first to focus on retail FX, and it's been growing fast," he said.
Despite ongoing consolidation in the global FX market, whereby a greater share of
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