Deutsche merges Benelux FX

Belgian corporate clients were previously managed out of Brussels, but this business has now been merged into the Amsterdam sales desk, said a source at the bank in the Netherlands.

Deutsche’s forex officials were unavailable for comment last week, but market sources said the motivation behind the decision was clear. "It makes sense to have a centralised team for Benelux sales in Amsterdam because out of the three centres (the Netherlands, Belgium and Luxembourg), the Netherlands is the bigg