Deutsche Bank Asian Exodus Continues in 2014, Including Four VPs and Directors

Deutsche Bank AG, one of the largest global banking institutions across Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and investments, has suffered from a mounting exodus of outgoing personnel in Asia, including four vice presidents and four directors in 2014 alone.

However, the bank has also been quick to act, hiring no less than nine managing directors to its Asian division during the past twelve months. Deutsche Bank has been one of the bellwether names in the Forex industry, named amid several allegations into rate fixings and Forex Manipulation Forex Manipulation Forex (FX) manipulation usually involved the currency department of banks or investment houses.It is not an easy feat to manipulate the forex market as the volume and liquidity of the market is exceptionally high. However, it still possible for traders to change the value of a currency to make a profit. Foreign exchange players found it useful to take a snapshot of how much is being bought and sold. Until recently, this happened every day in the 30 seconds before and after 16:00 in London, and t Forex (FX) manipulation usually involved the currency department of banks or investment houses.It is not an easy feat to manipulate the forex market as the volume and liquidity of the market is exceptionally high. However, it still possible for traders to change the value of a currency to make a profit. Foreign exchange players found it useful to take a snapshot of how much is being bought and sold. Until recently, this happened every day in the 30 seconds before and after 16:00 in London, and t Read this Term dating back to last year. A global panel of regulators is conducting ongoing probes presently, which have led to the suspension and dismissal of traders from many leading banks, including Deutsche Bank itself.

Outgoing Junior Bankers in Hong Kong

While there is certainly an influx of incoming talent, it is important to note that Deutsche Bank has also parted ways with 26 junior bankers in Hong Kong. According to Alice Leguay, Chief Operating Officer of London-based Emolument Ltd, in a recent statement to Bloomberg regarding the moves, “The departure of junior bankers would greatly impact deal-pitching and deal-making capabilities. More senior bankers are already stretched and are unlikely to be able to pick up the slack at most banks.” It is unclear whether this is part of a broader strategy or simply an act of housecleaning.