WestLB Merges Forex And Fixed Income, Percy Heads New Treasury And GDFI Unit


LONDON--WestdeutscheLandesbank has amalgamated its forex and its fixed income/forex derivative trading operations following the merger of its global treasury division and GDFI (global derivatives and fixed income) division.

There have been no job losses in the restructuring.

The move to integrate forex and other trading departments is a growing trend among some of the leading foreign exchange firms. Royal Bank of Canada, JP Morgan and Warburg Dillon Read, for example, have all recently re

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