Deutsche reshuffles commodity business
Deutsche Bank has reshuffled its global commodity management structure to boost its derivatives business and deal with increased business flows.
Both will report directly to Kerim Derhalli, global head of commodities at the German bank.
Meanwhile, Erik Verhaar assumes management responsibility for the bank’s European power and gas, coal, freight and weather businesses, reporting to Rodgers. The rest of the global commodities management structure remains unchanged.
“Deutsche Bank’s commodities division has seen significant growth in the past two years," said Derhalli. "The management changes are designed to strengthen the derivatives capabilities within the bank’s energy business and to create a stronger framework for future growth, especially in the North American markets.”
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