One of Deutsche Bank’s most senior securities services heads, and long-serving team member, resigns after just a month in the role.
Tag: Deutsche Bank
Deutsche Bank plans to double-down its efforts for its most profitable clients, expanding the hedge fund focus on its senior equities team.
The newly created role will focus on financial intermediaries and corporate clients in the UK, Middle East and South Africa.
The partnership signals how banks are now more open to FinTech collaboration enhance non-differential processes in the middle- and back-office.
Prime brokerage was one of the top revenue fallers for Deutsche Bank in 2017, due to its balance sheet-intensive nature and has over the years made major cuts with certain hedge fund clients.
Deutsche Bank has made a number of key appointments to its APAC business over the past two years and has most recently confirmed its commitment to the region.
Graham Ray named EMEA head of securities services for Deutsche Bank, with Jeslyn Tan appointed deputy head of global product management in Singapore.
Jeffery Tessler, the former Clearstream CEO who has been a part of the executive board since 2004, will step down in July.
Deutsche Bank’s plans will include a significant reduction in its headcount across the US and Asia.
Deutsche Bank names new head of securities services to be based in Dublin.