Ashley Wilson and Brad Kurtzman have been named as global co-heads of equities trading.
Deutsche Bank AG, a German investment bank, has made a series of changes to its global Equities division. This includes Ashley Wilson and Brad Kurtzman being named as global co-heads of equities trading.
According to an internal memo which was seen by Bloomberg, Wilson and Kurtzman will oversee the different product lines in the business. In addition to their new role, both Kurtzman and Wilson will continue to hold their previous positions as heads of equities in the Americas and Europe, respectively.
The move is an attempt to reverse a slump that the firm has been experiencing in the past few years. Over the past 12 quarters, Deutsche Bank has experienced consecutive year-on-year drops in revenue for the division.
In their new role, Wilson and Kurtzman will report to Peter Selman. Selman is an ex-partner of Goldman Sachs Group Inc and came out of retirement to revive the firm’s division last year. However, it has been a slow process as low market Volatility, management changes and lack of trust in the firm has hampered its progress.
In the memo, Selman wrote: “As our Q2 results have made clear, we are making significant progress in reorienting our equities business to focus on sustainable profitability. While our strategy hasn’t changed, we need to refocus our resources to our core strengths to boost revenues and profits and we need to take decisions faster.”
Further Role Changes in Deutsche Bank
According to the memo, Selman also named Matt Bowen and Angus Yang as co-heads of prime finance. This division caters to hedge fund clients. Running equity derivatives will be Mark Chen and Remy Ripoll. Cash equities will be lead by Karim Moussalem and Richard Chung. Rick Saunders has been appointed as the chairman of European equities, and Richard Chung has been named as the head of Asia Pacific equities.
In the article from Bloomberg, it also states that Deutsche's co-head of prime business, Greg Bunn will be leaving the firm, sighting people familiar with the matter. However, Bunn has not yet responded to a request for comment.
Deutsche Bank AG, a German investment bank, has made a series of changes to its global Equities division. This includes Ashley Wilson and Brad Kurtzman being named as global co-heads of equities trading.
According to an internal memo which was seen by Bloomberg, Wilson and Kurtzman will oversee the different product lines in the business. In addition to their new role, both Kurtzman and Wilson will continue to hold their previous positions as heads of equities in the Americas and Europe, respectively.
The move is an attempt to reverse a slump that the firm has been experiencing in the past few years. Over the past 12 quarters, Deutsche Bank has experienced consecutive year-on-year drops in revenue for the division.
In their new role, Wilson and Kurtzman will report to Peter Selman. Selman is an ex-partner of Goldman Sachs Group Inc and came out of retirement to revive the firm’s division last year. However, it has been a slow process as low market Volatility, management changes and lack of trust in the firm has hampered its progress.
In the memo, Selman wrote: “As our Q2 results have made clear, we are making significant progress in reorienting our equities business to focus on sustainable profitability. While our strategy hasn’t changed, we need to refocus our resources to our core strengths to boost revenues and profits and we need to take decisions faster.”
Further Role Changes in Deutsche Bank
According to the memo, Selman also named Matt Bowen and Angus Yang as co-heads of prime finance. This division caters to hedge fund clients. Running equity derivatives will be Mark Chen and Remy Ripoll. Cash equities will be lead by Karim Moussalem and Richard Chung. Rick Saunders has been appointed as the chairman of European equities, and Richard Chung has been named as the head of Asia Pacific equities.
In the article from Bloomberg, it also states that Deutsche's co-head of prime business, Greg Bunn will be leaving the firm, sighting people familiar with the matter. However, Bunn has not yet responded to a request for comment.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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