Deutsche Bank Abu Dhabi Elevates Thomas Haag to General Manager

Deutsche Bank AG Abu Dhabi, the lender’s United Arab Emirates (UAE) banking arm has promoted longtime company mainstay, Thomas Haag, to the new role of general manager of the branch, Finance Magnates has learned.

In his new role as the general manager, Mr. Haag will be based out of Abu Dhabi, with his appointment paving the way for his inclusion into the group’s executive committee – his move is tendered with immediate effect. In this capacity, he will be responsible for the oversight and management of all the lender’s activities in the branch, whilst working in tandem with Deutsche Bank’s divisional and infrastructure business heads.

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Mr. Haag steps into the new position having spent the entirety of his professional career with Deutsche Bank. Prior to the promotion, he has held several roles in the lender’s Relationship Management, Branch Management, Corporate Banking, and Credit Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term divisions.

This includes stints as the group’s co-head and Chief Country Officer (CCO), Deutsche Bank Prague Branch in the Czech Republic for over five years as well as the CEO and CCO for Deutsche Bank’s Maltese operations between 2010 and 2014.

According to Deutsche Bank’s Ashok Aram, CEO, Europe, Middle East, and Africa (EMEA) in a recent statement on the appointment: “Thomas brings a depth of knowledge to this role developed over a long career with Deutsche Bank and the industry as a whole. We are pleased to appoint a senior individual from within Deutsche Bank to lead our Abu Dhabi branch.”

The appointment is the second announcement of Deutsche Bank’s to come out of the UAE this year, following the expansion of the group’s equity research operations in the Dubai International Financial Centre (DIFC). In mid January, a total of three new analysts joined Deutsche Bank’s EM Equity Research division, thereby concentrating their attention and focus on the lender’s research Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term across EM in the DIFC.