Deutsche Bank has consolidated its listed derivatives business to provide clients with execution and clearing services across asset classes.
In addition, the bank is further strengthening the 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.
Hitchon says: “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. Desai will be based in Mumbai.
The Asian team will also be strengthened by the appointment of James Clark as head of execution. Clark 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.
