Institutional forex dealers in demand

NEWS

LONDON -- Institutional FX dealers are becoming increasingly sought after in London, as banks look for alternatives to a reliance on corporate FX clients.

Some banks, such as French investment bank SG, have recently set up new institutional FX desks, while others have set out to hire more sales dealers to focus on institutional clients.

Sources told FX Week that the boom in institutional FX recruitment does not reflect an increase in institutional business.

Jurgen Grieb, head of FX sales excl