Merrill Lynch to boost FXPB

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Allen, who previously ran FXPB at Dresdner Kleinwort, is thought to be establishing the business for the US investment bank. He will rejoin former Dresdner colleagues Harry Culham, former global head of FX, and Christian Exshaw, previously European head of FX sales and head of e-FX. Culham and Exshaw left the German bank for Merrill Lynch in September last year (FX Week, September 18, 2006).

Since joining the bank, Culham and Exshaw have been aggressively building up the bank's FX business with

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