Dresdner Downsizes Forex Team In NY As Part Of Wider Globalization Strategy

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Following the recent restructuring in London, Dresdner Kleinwort Benson has restructured its forex operation in New York, confirms a spokesperson in New York. As many as 10 forex traders and sales staff were let go between New York and a three-strong desk that was closed in Toronto, says another official in London.

Meanwhile, senior vice president in charge of FX Paul Loffredo has been named head of asset and liability management for North America. In this new position, Loffredo is charged wi

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