NatWest's New Emerging Markets Head Outlines Strategy For Proprietary Trading

BANKS

NatWest Markets' recently appointed head of emerging markets trading and research Pierre Durand, says he intends to build the New York-based business from a proprietary trading perspective (FXW, April 28).

As head of the newly created desk, Durand says he will focus on Eastern Europe and Latin America--areas where NatWest lacks strong foreign exchange, money markets and equities capabilities. "We do have capabilities in these areas, but now we want to be more focused," he says. "We feel that