Deutsche Bank turns to Citi for new equities boss

Deutsche Bank chooses well-known figure previously at Citi, Credit Suisse and Goldman Sachs to lead its Equities Technology team.

Deutsche Bank has swooped for Citi’s managing director of Capital Markets Technology to lead its Equities Technology business unit.

Stuart Bevan joined Deutsche Bank last month, according to other employees working at the bank. 

Bevan is a well-known figure in the trading community, having previously spoken on Leadership issues for Citi at the World Economic Forum and addressed regulatory concerns and fragmentation issues in broadcasts while at Credit Suisse. 

Bevan joined Citi back in May 2014, having worked as managing director of Equities Technology at Goldman Sachs.  

He spent six years at Goldman after leaving Credit Suisse, where he worked between 2005 and 2008 as head of Alternative Execution Products Technology.

Between 2002 and 2005 he worked at Lehman Brothers and was a director at Merrill Lynch for two years before that.  

He started his career at consultancy group Syntegra back in 1989 after graduating Newcastle University with a degree in Microelectronics and Software Engineering.

Bevan’s appointment comes just days after the bank snapped up Igino Napoli, the former head of SSA trading at RBC Capital Markets. Deutsche Bank declined to comment.

Yesterday, JP Morgan confirmed it was reshuffling the leadership of its Equities Technology Strategy Council following the promotion of Rick Seidenstein.