1 / 2

Deutsche Bank to restructure corporate, investment banking

Read more about Deutsche Bank to restructure corporate, investment banking on Business Standard. Global Capital Markets division will be headed by Alexander von zur Muehlen, Mark Fedorcik

Download Presentation

Deutsche Bank to restructure corporate, investment banking

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Deutsche Bank to restructure corporate, investment banking Deutsche Bank is creating a new combined debt, equity and leveraged capital markets business within the investment bank as it focuses on corporate clients, according to a copy of a memo seen by Bloomberg. The bank also detailed the division of responsibilities between Marcus Schenck and Garth Ritchie, co-heads of the newly-combined investment banking and trading units. Schenck will focus on clients and oversee corporate finance, global capital markets and the institutional client group, while Ritchie will deal with products and processes and oversee operations including equities, fixed income and currencies, the email said. The two executives are tasked with striking a balance between stemming a loss of market share that accelerated last year and cutting £700 million ($742 million) of costs by 2018. That comes as the firm pivots away from hedge funds and other financial firms, pledging almost two-thirds of the unit’s balance sheet for corporations. In 2011, institutional clients accounted for about twice as much

  2. revenue as corporate customers. Troy Gravitt, a spokesman for the firm, declined to comment. The newly-created Global Capital Markets division will be headed by Alexander von zur Muehlen and Mark Fedorcik, reporting from Frankfurt and New York, respectively, the email said. The new division will work in partnership with the bank’s corporate finance and institutional client group and will “operate financially as a joint venture” between its corporate finance, equities and fixed income and currencies units, according to the email. More News: Financial News Latest Financial News Financial News India Financial News Today Current Financial News

More Related