Stanworth's focus will be on origination for the European Insurance and Pensions Group. He brings portfolio management skills which are of great importance given the emphasis life offices are currently placing on yield pick-up in addition to risk mitigation. As a qualified actuary with global markets experience Paul also brings additional experience in respect of financial risk management.
Prior to joining Deutsche Bank, Stanworth spent eight years with the Royal Bank of Scotland, most recently as Head of Insurance ALM. Before this, Stanworth held a dual role at Prudential M&G; manager of the credit function and client manager for internal annuity funds reporting to the Head of Fixed Income.
Peard joins Deutsche Bank from the Financial Services Authority where he has been employed for the last two-and-a-half years as an actuary in the Insurance Technical Risk and Risk Review and Mitigation/Securitisation Policy teams. Prior to this he was a senior structurer at Swiss Re for six years where he delivered innovative capital solutions to clients.
Within the European Insurance and Pensions Group, Peard brings with him specialist skills in relation to the regulatory requirements for insurance companies. These will augment the team's skills in analysing and delivering solutions to insurance clients, particularly where there are regulatory implications and where innovative capital solutions are required.
Rashid Zuberi, Managing Director and Head of the European Insurance and Pensions Group commented: "We are extremely pleased that Paul and Norman are joining Deutsche Bank. These appointments further strengthen our leadership position in providing solutions to our clients in the Life and Pensions space."
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Louise Pancott (44 20) 7545 7790
Press and Media Relations
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