Dresdner Kleinwort Benson Centralizes London Interbank Trading In Frankfurt

BANKS

Dresdner Kleinwort Benson centralized its remaining London-based FX interbank market making business in Frankfurt last week, confirms an official. The London operation, which is overseen by global head of FX trading Claus Wagner, will continue to focus on currency options and proprietary trading, as well as institutional sales, adds the official.

About a year after Dresdner announced it was buying Kleinwort Benson, the bank moved its nine forex dealers into Kleinwort Benson's trading room in

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