Deutsche Bank
Trading Places, February 10, 2014
Deutsche replaces Felson as co-head of Fic, Morgan Stanley bolsters e-FX team
Citi's Prasad resignation unconnected to FX probe, source says
Citi's head of foreign exchange and local markets leaves bank for personal reasons
Deutsche Bank traders let go as part of fix probe
FX regulatory probe heats up as four traders lose their jobs at Deutsche Bank
Disappointing Q4s cited as proof of Ficc regulatory squeeze
The pressure of regulation is making its mark on the profitability of the fixed income, currencies and commodities businesses of large banks, say analysts
Nomura’s Neal to join Deutsche
Michelle Neal has left her senior role at Nomura to join Deutsche Bank as global head of listed derivatives in the markets clearing and Fic market structure business
Deutsche blazes trail with decentralised front-office staff
A small FX sales team in Birmingham might seem a minor project, but industry veteran Steve Turner gave up his preconceptions about the city last year to run the team, and believes it allows the bank to improve the quality of sales while reducing costs
Citi and Deutsche take action against staff as FX probe continues
Chief dealer Rohan Ramchandani has been dismissed from Citi, having been on leave since October, while Deutsche has also suspended traders in the US
Deutsche hires Zinkin to co-head electronic trading
Martin Zinkin has joined the bank this month from BNP Paribas, reporting to markets electronic trading head Robert Mandeno
Deutsche promotes Vos to senior Fic role
Adam Vos, formerly global head of FX forwards, has been promoted to co-chief operating officer of fixed income and currencies
Rising cost of credit drives corporates back to voice trading
Corporate treasurers have been facing up to the increased costs of hedging as their bank counterparties deal with regulation, but some say rising credit charges are driving them to revert from electronic platforms to voice trading. Joel Clark and Miriam…
FX Week Europe: 'Patchy' liquidity in FX a concern for the future
Concentration in the number of liquidity providers and the reliability of HFT market-making raises concerns for senior industry officials
Best Banks 2013: Citi reclaims top place from Deutsche
US bank has returned to top position in foreign exchange, having been voted best bank overall for FX dealing in the 2013 Best Banks survey
Deutsche retains eight awards, despite low interest in eurozone FX
Slipping into second place this year, Deutsche Bank nonetheless retains eight awards, including in new categories such as best bank for FX for investors
Corporates and investors need confidence to tap offshore RMB, say banks
As the internationalisation of renminbi continues to gain traction, buy-side engagement in the currency varies significantly across geographies and sectors
BNP Paribas loses e-FX strategy chief
Martin Zinkin departs the French bank after little more than a year
US pension fund sues seven dealers over FX benchmark rigging
Massachusetts-based pension fund Haverhill Retirement System is suing seven FX dealers for manipulation of the WM/Reuters benchmark rates
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of FX benchmarks
Aligning Deutsche with the complex needs of corporate clients
A year on from a major internal restructure to focus on electronic trading across asset classes, Deutsche Bank's corporate FX sales heads explain how their business has changed
BAML hires from Deutsche in prime brokerage
Luciana Miranda has joined Bank of America Merrill Lynch in New York to run futures and FX prime brokerage marketing
Lloyds hires in UK corporate sales
Andrew Stirling departs RBS after 10 years to join Lloyds in a London sales role. Meanwhile, Deutsche hires structurer from BAML, and City Index loses global head of trading
Deutsche hires in FX sales
New hire from Morgan Stanley at Deutsche Bank in London; BGC makes senior addition in China; other moves at BAML and ParFX
FX structurers see mixed demand for cross-asset hedges
Increased hedging costs in rates and credit has led some investors towards FX structured products, but some remain concerned that correlation may not hold up
VTB Capital hires Tripathi to head FX derivatives
Experienced FX options trader, most recently at UBS in Singapore, has joined the Russian bank to run its FX derivatives business
Corporate FX sales head exits Credit Suisse for Deutsche
Bryan Morales will join Deutsche Bank in New York in September, reporting to Dean Bellissimo