Deutsche Bank, along with 20 other banks and financial institutions, will support a new research and training centre in financial computing.
Based at the University College London, the UK Doctoral Training Centre in Financial Computing will aim to maintain the City’s competitiveness in financial services.
Giuseppe Nuti in Deutsche Bank's Core Rates Trading, told the Financial Times earlier this week: “Although a lot of the very exotic instruments and complex structures that were the focus of trading operations over the past five years are losing importance, there is a shift towards producing good research in other areas of financial computing.”
University College London will host the centre, which expects to churn out 15-20 PhD students per year. The London School of Economics and the London Business School will collaborate on the project, which has received GBP 7m in government funding from the Engineering and Physical Sciences Research Council.