Q&A: DB’s Rodgers Sees Fx Buyers Opt For Simple Structures

Cultural changes in fx have driven a move to simpler structured products as investors are not searching for leverage as much, according to Kevin Rodgers, global head of fx and chair of the global finance and foreign exchange executive committee at Deutsche Bank. The London-based executive told DI that product development has progressively gotten more complicated over the years, but he now sees users opting for relatively simple products. “The customer base doesn’t really want leverage as much now; I think that culture has changed since 2007-08 and so the pendulum has swung back a little bit.”