FX people moves: Michelsen resurfaces
Deutsche has given a sign of just how much potential it believes exists in retail FX by announcing that Eric Michelsen has joined the bank as its head of online flow retail products.
The affable Michelsen was previously vice chief executive at Saxo and he played a significant role in building it up into one of the leading retail players. He will be based in London and report to Rhomaios Ram, who was recently appointed as global head of eCommerce sales within the bank's global markets division.
Commenting on the appointment, Jim Turley, Deutsche's global head of the institutional client group, says: “This appointment, along with recent initiatives such as the launch of dbFX, serve to underscore our commitment to on-line distribution.”