Dresdner Kleinwort Benson Merge Foreign Exchange Desks In London
BANKS
Dresdner Bank's nine-strong forex team moved into Kleinwort Benson's Fenchurch Street trading room in London last week, integrating the two forex operations under Kleinwort trading head Allan McKenzie and FX sales head Alan Bowen.
The move, which comes nearly a year after Dresdner bought Kleinwort, affects only FX spot, forward and options -- trading of short-term interest rate and fixed-income products remain separate for the time being, and thus far, only the London FX groups of the two banks
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