Ralph Reynolds will become Global Head of Equity Proprietary Trading and will relocate to New York. Reynolds joined Deutsche Bank in 1998 and was appointed Global Head of Cash Equities Trading in 2002.
Both Reynolds and Bouhara will remain as members of the Global Markets Executive Committee, reporting to Anshu Jain, Head of Global Markets and a Member of the Deutsche Bank Group Executive Committee.
Alan Cloete, Head of Global Finance, will join the Global Markets Executive Committee, reporting to Anshu Jain. Cloete joined Deutsche Bank in 1997 and prior to his present role Cloete was Co-Head of Structured Credit Trading.
Jon Hitchon, Head of Global Prime Services, will report jointly to Cloete and to Bouhara. GPS will remain an independent business, tightly aligned to the rest of our finance complex.
Anshu Jain, Head of Global Markets and a Member of the Deutsche Bank Group Executive Committee, commented, "The combination of cash and derivatives trading establishes a common management template across our core businesses. Combining cash and derivatives businesses has paid rich dividends in our credit, rates and foreign exchange franchises. I am confident that it will do so again in the equities business."
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