Deutsche bridges private banking and forex

Bee, who joined the bank in July from Citigroup Private Bank, where he was global head of foreign exchange, said there is increasing demand for forex services from these clients as they increasingly invest across borders.

"Private clients are becoming more international. With the growth in global financial television and online trading, private clients are more aware of international investments," Bee said. These investments bring currency exposure that must be managed, and this presents a good opportunity for banks such as Deutsche to provide them with forex services, he said.

In common with the fund management community, wealthy clients are also increasingly recognising foreign exchange as a separate asset class, said Bee, and are trading more currency speculatively.

Turley said in an internal memo at the time of Bee's appointment: "Deutsche's forex business is poised for considerable growth across client segments. Bee will develop a viable global bridge between foreign exchange and the private wealth management division to support our vision of being the forex provider of choice to the financially successful."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here