Deutsche Securities Inc. (DSI) has appointed David Shrenzel as head of Global Banking, Japan, effective from February 1, 2008.
Shrenzel assumes the post from David Hatt, president and CEO of DSI, who has held the post on an interim basis.
Shrenzel remains a co-head of the Global Capital Markets division at DSI with Yuji Nomoto, a role Shrenzel has held since April 2007, but is succeeded by Aaron MacDougall as head of Global Credit Trading at DSI, a position Shrenzel has held since September 2002.
Shrenzel originally joined Deutsche Bank Group in March 2000 as head of the Global ABS Credit Products Group in New York. Prior to that, Shrenzel spent seven years with the asset securitisation business at Credit Suisse First Boston.
MacDougall joined Deutsche Bank Group in June 2000 as a senior trader in the Global Credit Trading business and, prior to this appointment, was the head trader across DSI’s flow, structured and exotic corporate credit trading and convertible bond trading businesses. Before he joined the Group, MacDougall worked in fixed income derivatives, credit trading and structuring at Bankers Trust and at Morgan Stanley.
“The appointment of David and Aaron demonstrates our commitment to the expansion of our business in Japan, a key strategic market for Deutsche Bank Group. David’s appointment allows us to strengthen our client relationships and to align our financing and advisory operations to fully service the strategic business and financial needs of our clients. In addition, Aaron’s long experience in credit trading products and structuring is invaluable as Head of Global Credit Trading. These appointments further enhance our ability to deliver high value-added products and services to our clients,” says Hatt.