Deutsche expands PB offering
It has rebranded the offering as prime solutions, and hired Deborah Thompson as its European head from JP Morgan. She reports to Jason Shell, global head of prime solutions and north American FX sales in New York. The service will act as an exchange where hedge funds will be able to raise money from investors, according to Shell. He said: "The new offering takes FX PB to the next level. It will combine pre- and post-trade, and will enable investors to carry out the existing clearing, reporting
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