German turnover continues

Hoffmann, still on the desk at DrKW, reporting to Juergen Barthel, global head of forex sales, also in Frankfurt, will join as head of forex and FX options trading within its newly-formed corporates and markets division, headed by Nicholas Teller (FX Week, November 15 2004). The bank could not confirm Hoffmann's start date, although FX Week understands it will be early in Q2 this year after bonus season.

Hoffmann's appointment is the bank's first prominent hire since the mass exodus that

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