Deutsche Bank Appoints Asia Head of Financial Sponsors from UBS

Deutsche Bank has appointed Mohamed Atmani as the head of its financial sponsors coverage in Asia Pacific from Swiss bank UBS, according to sources cited in Reuters today.

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The hiring is part of a reshuffle in the bank which is currently facing a multi-billion-dollar fine from US regulators as it tries to boost its flagging performance in corporate mergers and acquisitions and capital markets.

Just last week, Finance Magnates reported that the German lender was rumoured to be working on a public listing of its asset management division. This is one of several ideas being floated by the bank as it looks towards rebuilding its capital buffers and agreeing a $14 billion Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term with the DoJ for selling vast amounts of the residential mortgage-backed securities which turned out to be toxic and fuelled the 2008 financial crisis.

Atmani’s arrival may well be a timely appointment for troubled Deutsche Bank. He brings with him a wealth of experience having covered Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term finance at UBS and having previously worked at ABN Amro and Credit Suisse. Atmani will continue to be based in Hong Kong.