Bankers Trust Revamps Risk Advice Group
Bankers Trust has created a new risk management products and services group, merging its derivatives, merchant banking and risk management advisory departments into a single division.
The bank's senior management views the reorganisation as a means of "bringing greater cohesiveness to our many risk management businesses and allowing us to better serve our clients," according to an internal memo from Charles Sanford, Bankers' chairman, and Frank Newman, its new chief executive officer.
The
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