Banks Focus On FX Fund Managers As Institutional Business Grows
BANKS
It used to be that bank treasury operations focused exclusively on luring corporate business. Now, a new sales force has emerged to win the FX business of fund managers and institutional accounts. In fact, some large U.S. commercial banks estimate that institutional client FX business now accounts for as much as 40 percent of total sales.
Although large commercial banks have been marketing their FX services to fund managers for several years, even small and mid-size banks are getting in on the
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