Deutsche Bank has made a string of hires to bolster its European equities team.
Robert McDermott joined the firm this month as global head of client commission management and will take responsibility or commission sharing arrangements, including sales, relationship management and regulatory reform.
He joins from Goldman Sachs where he was EMEA head of client commission management and equities regulatory reform. Prior to his 17 years as Goldmans he was head of fixed income operations at Deutsche Bank.
Ronak Patel will join on 20 July as a vice president. He has previously worked at Instinet in equities execution services and has also held similar roles at Nomura and Lehman Brothers.
In September, Mike Duff will take up a role as a director holding a senior electronic sales trading role. He has spent the past five years at Bank of America Merrill Lynch (BAML) where he was responsible for institutional electronic sales. He has also held roles at UBS and ICAP.
Lastly, Stuart Ansell will also join Deutsche Bank in September, also as a senior electronic sales trader. He has spent 17 years at BAML, most recently as manager of the EMEA electronic sales trading team.
Commenting on the hires, Yashar Asl, co-head of Autobahn Equity Europe, said: “This reinvestment in our industry leading platform for direct market access (DMA) and algorithmic execution exemplifies Deutsche Bank’s commitment to electronic trading. We continue to invest and take share in electronic trading which is under new global leadership”