Deutsche Bank latest to launch FX trading engine in Singapore
The Monetary Authority of Singapore said that Deutsche Bank will join BNY Mellon in becoming the latest to establish an FX trading engine in Singapore.
The Monetary Authority of Singapore said that Deutsche Bank will join BNY Mellon in becoming the latest to establish an FX trading engine in Singapore.
Brian Fagen had previously spent nine years with Deutsche Bank, and recently joined BNP Paribas following the substantial prime brokerage deal between both banks.
Twenty year Deutsche Bank veteran named new CEO of the investment banks Asia-Pacific business replacing Werner Steinmüller.
While Deutsche Bank says it is difficult to predict, it warns the business could be materially impacted by the ongoing coronavirus pandemic.
Christian Sewing says the restructure at Deutsche Bank puts the business in a good position to deal with the potential spread of coronavirus.
BNP Paribas CEO Jean-Laurent Bonnafé says Deutsche Bank prime brokerage business transition is proceeding very swiftly, with restructuring costs expected to reach €100 million this year.
Christian Sewing says Deutsche Bank is ahead in some areas of implementing its transformation strategy, as it raises investment banking revenue expectations.
Sam Docherty has spent the past 15 years with Deutsche Bank as an equities sales trader, and joins Sova Capital as director of CEEMA sales trading.
The best of the month’s stories from The TRADE, including BNP Paribas, Ardevora, MiFID II, distributed ledger technology and Leaders in Trading 2019.
Deutsche Bank’s transition of prime and electronic equities clients to BNP Paribas moves forward after both banks receive approval for the deal.