DMG Restructures Global Sales Management Naming Jain Head Of New Institutional Division

BANKS

Deutsche Morgan Grenfell (DMG) has restructured the sales and distribution management function within its Global Markets division, say officials. Anshu Jain was named to head a new Global Institutional Client Group, which combines his former Global Relative Value Group with the existing global sales team. The restructuring follows the promotion of Michael Philipp, who previously headed global markets sales, to global head of equities.

Meanwhile, Colin Grassie, who previously headed global

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