BestX Co-Founder Oliver Jerome Takes the Reins at Deutsche Bank's European FX Division

Friday, 26/04/2024 | 11:30 GMT by Tareq Sikder

Prior to BestX, Jerome held key positions at Morgan Stanley for six years.

He also held senior positions in FX sales and structured products at Standard Chartered Bank and J.P. Morgan.

Deutsche Bank has announced the appointment of Oliver Jerome as the new Head of European Foreign Exchange Product. Jerome, a seasoned industry veteran, brings a wealth of experience from his previous roles in prominent financial institutions.

Joining Deutsche Bank as Head of European FX Division

Prior to joining Deutsche Bank, Jerome served as the Chief Executive and Co-Founder of BestX, a provider of trade execution analysis software for the foreign exchange market. During his tenure at BestX, Jerome played a pivotal role in steering the company to success, earning accolades such as the Fintech Start-up of the Year and Best Execution Product of the Year in 2018.

Before his tenure at BestX, Jerome held significant positions at renowned financial institutions. He spent six years at Morgan Stanley, where he served as Managing Director and Head of FX & EM EMEA Sales & Trading. Prior to that, he held various leadership roles within Morgan Stanley, including Head of FX & EM Sales for EMEA & Americas.

Jerome's illustrious career also includes stints at Standard Chartered Bank and J.P. Morgan, where he held senior positions in FX sales and structured products, accumulating over a decade of experience in the financial industry.

First Quarter Performance Propels Deutsche Bank to Highest Profit Since 2013

Earlier, Deutsche Bank reported a net profit attributable to shareholders of €1.275 billion ($1.365 billion) for the first quarter, indicating a 10% increase from the same period last year, as reported by Finance Magnates. Surpassing analysts' forecasts of €1.23 billion, this figure marks the bank's highest first-quarter profit since 2013. Additionally, the bank's revenue climbed 1% year-on-year to €7.8 billion, attributed to growth in commissions and fee income, coupled with robust performance in fixed income and currencies.

“This quarter we achieved double-digit profit growth, and our highest first quarter profit since 2013, through disciplined execution of our Global Hausbank strategy,” Christian Sewing, the Chief Executive Officer of Deutsche Bank, commented.