Deutsche Morgan Grenfell (DMG) has named Marc Sternfeld as its new head of global technology and operations.

Sternfeld has been working as a consultant at DMG's London office for the past few months. He previously held the post of managing director of IT at Salomon Brothers.

Sternfeld's post is a new one. He will report directly to the board of directors of Deutsche Bank, DMG's Frankfurt-based parent company.

Hermann Seiler, DMG's senior vice president of global technology, and Stuart Sugarman

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