Deutsche Bank has appointed Paul Tanguy to head up its Cayman-based Foreign Exchange business.
Tanguy will be responsible for developing a new platform and will work with the Bank's team of relationship managers to support them with knowledge of the major money and foreign exchange markets.
By developing the relationship with Deutsche Bank's Global Markets team in New York, Tanguy will also ensure clients booking foreign exchange business through Cayman have access to the Bank's global money market and foreign exchange expertise.
Tanguy previously worked for the Treasury team at Deutsche Bank's Jersey office for five years.
Prior to that, he worked in various Treasury departments within Jersey asset management and banking organisations, including working with foreign exchange portfolios for corporate clients and high net worth individuals.
"It is anticipated that, as wholesale money markets normalise during the course of 2009, clients will seek expertise to protect their positions or take advantage of exchange rate movements. Cayman will be a vital jurisdiction from which to offer services in this respect," says Andrew Falle, director of Offshore Group Treasury, Deutsche Bank International
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