People moves: Deutsche lets go

Deutsche Bank is believed to have let three of its FX team go in London. Those said to be heading out of the door are Ray Monaghan, who was trading spot Commonwealth currencies; Peter Hooks, who was on FX sales; and Richard Salzman, in hedge fund sales. The bank declined to comment on the individuals concerned, but said: “Global Markets is making adjustments to individual business lines in order to re-focus resources toward those areas with the greatest growth potential. Fewer than 300 people will be affected globally.”