BNP Paribas hires former Deutsche Bank European securities services head
The move marks the second successive appointment of one of Deutsche Bank’s former senior securities services members for BNP Paribas.
The move marks the second successive appointment of one of Deutsche Bank’s former senior securities services members for BNP Paribas.
Apex Group finalises deal which adds $170 billion in assets under administration to its business.
Deutsche Bank moves reconciliation services to SmartStream to further improve processing and reduce costs.
One of Deutsche Bank’s most senior securities services heads, and long-serving team member, resigns after just a month in the role.
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.