Eight key new hires further strengthens the global team
As regulatory changes globally lead to increased use of exchange traded derivative products, Deutsche Bank has strengthened its offering by consolidating its listed derivatives business to provide clients with industry-leading execution and clearing services across asset classes. In addition, the bank is further strengthening this new business with the appointment of eight new hires and expects to add to this number in the coming months.
The new business will be headed by Drew Bradford. He will report to Jon Hitchon, Co-Head of Global Prime Finance and the business will therefore be closely aligned with Deutsche Bank’s award winning prime brokerage business. With connections to 61 exchanges, Deutsche Bank is one of the most well connected in the industry and is well positioned to take the lead in listed derivatives globally.
Commenting on the new division, Jon Hitchon said: “The move to central clearing for OTC derivatives will result in clients needing increasingly sophisticated global execution, clearing and margin facilities. Our consolidated business will continue to invest heavily in talent, technology and infrastructure as the market develops. Deutsche Bank’s launch of the world’s first multi-asset clearing platform, dbClear, earlier this year, demonstrates that we already have the expertise needed in this space, which will be further bolstered by the addition of these important new hires.”
In Asia, listed derivatives sales will be headed by Jason Scott, who joins the bank from Credit Suisse. He has over 20 years experience in the listed derivatives market and will be based in Singapore. Working with him will be Anil Desai, who will be a director in listed derivatives sales and was previously head of futures and options trading for JP Morgan in India. Anil will be based in Mumbai.
The Asian team will also be strengthened by the appointment of James Clark as head of execution. James was previously at New Edge and his team will include Marilyn Tan, who joins Deutsche Bank from RBS. Both will be based in Singapore.
In London, Cameron Mouat has been appointed as part of the business development team. He was previously an algorithmic product specialist at Credit Suisse. He will be joined by Paul Daines, who will focus on European execution client solutions, and Yue Meng, who will concentrate on European clearing client solutions, both from Nomura.
In Chicago, Deutsche Bank will re-establish its presence with a team of two, led by Macario Lullo, who joins the bank from Infinium Capital.