Deutsche Bank hires Richard Newman as Prime Finance Risk Manager
Deutsche Bank today announced that Richard Newman will join as a Senior Risk Manager for Global Prime Finance within the bank’s Global Markets division. Newman will be based in London and his appointment is effective from 4 May 2010.
Newman will be responsible for providing sophisticated risk management solutions to international hedge fund clients focused on European markets. Newman will report to Kam Singh, European Head of Prime Finance Risk and Matthew Bowen, Managing Director within Prime Finance Risk.
Newman was previously Head of European Prime Brokerage Risk Management at JP Morgan where he was responsible for the determination of margin and risk policy for European hedge fund clients.
“This appointment shows the commitment of the Deutsche Bank Prime Finance business to remain at the vanguard of industry development,” said Anthony Byrne, European Co-Head of Prime Finance. “We are confident that Richard’s expertise and extensive experience will be a great addition to our product offering in Prime Finance.”
Deutsche Bank was voted the world’s best prime broker for custodial solutions by HFM Week Europe magazine in their annual awards last month, adding to the growing list of awards won by the Bank for the quality of its Prime Services products and services.
For further information, please call:
Deutsche Bank AG
Phone: +44 (0) 207 547 2603
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,849 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.