Deutsche Bank, the German parent of scandal-hit investment bank Morgan Grenfell, seems to have ruled out any further cash injections into three Morgan Grenfell unit trusts to further buoy investor sentiment. The bank said there was now enough cash within the funds and liquidity in the market to cover any further losses after its GBP180 million (about HK$2.16 billion) injection last week. There was widespread speculation in London yesterday that Deutsche Bank would have to put more cash into the funds to halt investor redemptions after the initial pay-out failed to stem an 8 per cent sell-off of the funds - worth a total GBP1.14 billion. Yesterday, the bank said it now expected the redemptions to fall as investor confidence returned. A thorough revamp of Morgan's systems, procedures and compliance monitoring techniques has been promised by the bank. Manager of the funds, Peter Young, has been suspended pending the results of an investigation by Britain's Investment Management Regulatory Organisation, and Stuart Mitchell has been brought in to run the funds in his absence. A manager of Deutsche German fund unit DWS, Odo Behrenwald, has been sent to London to help advise the management of Morgan Grenfell Unit Trusts. While Mr Behrenwald is not expected to take an active part in the management, and will only play an advisory role, his appointment places the spotlight on Mr Young's immediate superiors, Glynn Owen, Morgan Grenfell's chief international investment officer, and Keith Percy, chief executive of Moran Grenfell Asset Management. Analysts now believe pressure will come to bear on Mr Owen and Mr Percy to resign, as details of the breaches allowed to occur under their stewardship increasingly become apparent.