Deutsche Morgan Grenfell Plans Emerging Markets Desk In UK
NON-BANKS
Deutsche Morgan Grenfell is creating a separate emerging markets currency trading desk in London and has hired Stephen Cain from CS First Boston in Hong Kong to lead the effort.
DMG has been actively trading in the emerging markets currencies, but with Cain's hire, is separating that business from the spot and forward FX desks and creating a separate function, explains London FX manager Nick Beecroft.
"There are active London markets in some of the Far Eastern currencies and we will be building
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