Dai-Ichi Kangyo Bolsters Yen Desk In Preparation For Launch Of Euro

BANKS

LONDON--Dai-Ichi Kangyo Bank (DKB) has restructured its London-based forex operation in preparation for the move to a single European currency in January. The bank will focus on four key areas moving forward, and has made several hires to support its efforts.

"We believe that next year will be very busy for us and we want to be ready for that," explains chief dealer Philip Peters. "Our aim is to have a full team of high calibre dealers in place by September to cope with [Economic and Monetary