February 11, 2008

Global Transaction Banking makes four senior appointments for Securities Clearing

Deutsche Bank today announced that it has appointed four senior managers to its Securities Clearing Business:

  • Kevin Buschhold Director, Global Product Development, Securities Clearing
  • Mike Clarke, Director, Global Product Delivery, Securities Clearing
  • Graham Ray, Director, Global Production Management, Securities Clearing
  • Sean O’Neil, Vice President, Securities Finance

All four will be based in London and report to Rob Scott, Global Head of Securities Clearing, Domestic Custody Services.

Kevin Buschold will be responsible for the clearing product development and strategy across the 28 markets in which it operates. His responsibilities will include strategic planning and business development with the broker dealer community. Kevin joins from HSBC where he spent 10 years with HSBC Global Markets Operations, in Senior Network Management and Exchange Traded Derivatives Relationship Management roles. Prior to joining HSBC, Kevin has also worked in Global Custody Operations for 13 years with Natwest and Daiwa Europe Bank.

Mike Clarke will be responsible for the delivery of change management programmes for the clearing and securities finance products throughout the franchise. Mike joins the bank from Pershing Ltd, where he was a senior member of the project office. Prior to joining Pershing, Mike worked for 14 years at Broadridge Financial Solutions (formerly ADP Brokerage Services) and was responsible for key process change and service programmes for the Banking and Brokerage sectors.  

Graham Ray will be responsible for the "Clearing" product's "Operational Service Delivery", supporting "Service Development" with the Broker Dealer community and other Financial Institutions. Graham joins from Northern Trust where he worked within Securities Operations, prior to joining Northern Trust Graham has worked in Operations for 15 years with Cantor Fitzgerald and Bank of America in key Operational Management positions.

Sean O’Neil will be responsible for the Securities Finance product management and joins from UBS where he worked 10 years trading Equity Finance and associated cash and collateral management products. Sean has previously worked at Merrill Lynch, Cater Allen and Pru Bache and has 17 years Securities Finance Industry experience.

Commenting on the appointments Rob Scott said "We continue to strengthen our focus on developing new business opportunities with the Broker Dealer community and other Financial Institutions globally. The seniority of these four appointments demonstrates our continued commitment in this regard".

For further information, please call:

Deutsche Bank:

Oonagh Baerveldt       
+44 207 54 71605
Corporate Press

Nicole Stumpf               
+49 69 910 62459
Domestic Custody Services

About Deutsche Bank

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 78,291 employees in 76 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.