Dresdner joins cutting queue

A number of managers, traders and dealers in New York, including Seth Toney, head of FX trading, Paul Steinborn, who worked in hedge fund sales, and Monica Kukelhaus, FX sales have left the bank. Andreas Karthaus, global head of e-FX sales in London and Frankfurt, and his deputy, Stefan Hamberger, have also departed.

Frankfurt-based Oliver Heeb, global head of cash trading, spot desk staff members Patrick Fenske, Juergen Mahler, Jose Garcia and Carlos Vazquez, and Stefan Neuhaeusel, commoditi