Deutsche Starts Proprietary Desk In U.K. While Continuing Expansion
BANKS
Deutsche Morgan Grenfell (DMG) is setting up an FX proprietary/client advisory desk in London under recently hired Eugene Belin of Citibank, says Nick Beecroft, DMG's head of FX in London. In addition to the new desk, DMG has added several dealers to its sales desks in a bid to boost its presence.
The proprietary desk is a new venture within the foreign exchange division and is a bit different to the traditional proprietary operation in that its emphasis will be on client contact, says Beecroft.
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