Upsurge in German forex

UBS Warburg, Citigroup and ABN Amro have all made senior and widespread hires there in forex and fixed income. Goldman Sachs and Merrill Lynch are also reportedly seeking staff in the centre, while JP Morgan Chase has revamped its German FX sales team in London in response to the growing trend.

"We have seen -- and expect to see -- continued growth in the German market," said Adam Burke, head of European FX at JP Morgan Chase in London. "The pension fund industry in Germany is set to grow sig