Personal FX

Private banking


Guido Graff, head of private wealth management foreign exchange sales at Deutsche Bank in New York, recalls making a presentation on the opportunities available in the forex market to a very senior group of private bankers last October. “I asked them what came into their minds when I mentioned forex and many replied ‘George Soros’,” says Graff. “Their natural inclination was to see forex as margin trading, a high-octane vehicle mainly for highly aggressive traders.”

Those attitudes, however, are

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