Deutsche Bank has appointed five new members to its global markets division's executive committee.Rich Herman has been named global head of the institutional client group with responsibility for coverage of the bank’s investing clients across asset classes. Herman 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. 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 position.
In the US, Fred Brettschneider has been appointed head of global markets, Americas, with regional responsibility for Deutsche Bank’s debt and equity sales, and trading platforms. Brettschneider was previously head of the 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 the global markets division’s risk exposure across business lines and asset classes. He was previously an independent consultant on risk management for financial services firms since 2001.
In addition to these new appointments, Deutsche Bank will be integrating its emerging markets debt business into its respective global markets division’s product lines – global credit, global finance and foreign exchange, and global rates.
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