Deutsche Bank is pleased to announce the appointment of five new members to its Global Markets Executive Committee.
Rich Herman has been appointed Global Head of the Institutional Client Group with responsibility for coverage of the bank’s investing clients across asset classes. Rich was previously European Head of Debt Sales. He replaces Jim Turley who will be taking a sabbatical for the remainder of the year and returning in 2009 to a new role.
Colin Fan and Boaz Weinstein take on roles as Co-Heads of Global Credit Trading, reporting to Rajeev Misra, Global Head of Credit and Commodities. Deutsche Bank’s credit business outperformed the market in 2007 and Fan and Weinstein’s appointments allow the bank to manage this business in more volatile markets while continuing to explore opportunities in structured credit. Weinstein is currently Head of Global Credit Trading in North America and Europe, based in New York while Fan is Head of Equities in Asia, based in Hong Kong. Fan will relocate to London to take up his new role.
In the US, Fred Brettschneider is appointed head of Global Markets in the Americas with regional responsibility for Deutsche Bank’s debt and equity sales and trading platforms. Brettschneider was previously Head of Institutional Client Group in the Americas. He will retain this role in addition to his new responsibilities.
Bill Broeksmit joins the bank in the newly created position of Head of Portfolio Risk Optimisation, a role in which he will take responsibility for monitoring and managing Global Markets’ risk exposure across business lines and asset classes. Broeksmit joins Deutsche Bank having been an independent consultant on risk management for financial services firms since 2001. Between 1996 and 2001 he was at Deutsche Bank, establishing the bank’s OTC derivatives business in Europe and was at Merrill Lynch between 1984 and 1996 in US fixed income derivatives.
In addition to these new appointments, Deutsche Bank will be integrating its leading emerging markets debt business into its respective Global Markets product lines – Global Credit, Global Finance & Foreign Exchange and Global Rates. This will provide clients with an emerging market focus with even better access to developed markets’ technologies and expertise.
Global Markets is part of Deutsche Bank’s world leading investment bank, offering origination, sales, structuring and trading services across asset classes for corporates, governments and institutional investors.
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