Morgan Grenfell Expands Singapore FX With New Hires and Proprietary Trading
NON-BANKS
Morgan Grenfell, a wholly-owned subsidiary of Deutsche Bank, has announced plans to boost its Asian treasury operations in Singapore by more than doubling its staff strength and trading in the republic on a proprietary basis for the first time.
Under the expansion plans, the current seven-strong trading team will grow to 18 by the end of March, says Michael Jones, head of treasury at Morgan Grenfell (Asia), the investment house's local subsidiary.
Services will be expanded to offer Morgan
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