DrKW adds two in London

The build-up in London is part of the bank’s continued growth in FX, under the auspices of London-based global head of FX Harry Culham.

Lars Holst joined last week as a director in eFX sales, reporting locally to Christian Exshaw, who now heads European FX sales, eFX and FX prime brokerage (FX Week, April 25). Holst last worked for Danish firm Saxo Bank, where he was a regional manager in the institutional account management department, covering primarily white-label partners, introducing brokers and fund managers.

The bank has also took on Soren Klausen last week as a director in FX Scandinavian sales, reporting to Exshaw. Klausen most recently worked for Bank of America in London as head of European institutional forex (FX Week, July 5, 2004). He will primarily focus on banks and financial institutions, said DrKW.

Philippe Loustaunau is also set to join the London office on July 6 as a director, FX sales (FX Week, April 25). Reporting to Exshaw, he will focus on French corporates, and joins from Barclays Capital in Paris.

Last month, Robert Cavalieri joined in New York as a vice-president in FX hedge fund sales, reporting to Joe Landes, head of FX, also in New York (FX Week, April 25).

Raúl Gonzales came from Merrill Lynch as the second and final forwards trader in London, reporting to Duncan Rule, global head of FX rates. Rule is also a recent addition, having joined from US bank Lehman Brothers, where he was London-based head of forwards (FXWeek, March 14 2005).