Deutsche Bank reported its highest profit in seven years for Q1, which was propelled forward by its investment bank.
Deutsche Bank announced on Thursday that it has named Stephane Gruffat as its new Co-Head of equity capital markets in Europe, effective immediately.
According to an internal memo seen by Reuters and shared with Finance Magnates, Stephane Gruffat, a financial veteran at Credit Suisse, has been recruited by Deutsche Bank, a leading German financial services provider, as its new Co-Head of equity capital markets in Europe.
Additionally, Gruffat will Head the ECM syndicate for the EMEA region. He will report directly to Henrik Johnsson, the bank’s co-head of capital markets and European investment banking.
Prior to this announcement, Gruffat spent his entire career at Credit Suisse, which amounts to the sum of two decades at the Swiss-based financial services firm. His most recent position was Head of the equity capital markets syndicate.
Moreover, Gruffat has contributed to managing several high-profile stock market fundraising rounds in Europe including the Spanish fund distribution firm Allfunds last month, which is located in Amsterdam.
Deutsche Bank’s Benefits from Credit Suisse’s Loss
Deutsche Bank reported its highest profit in seven years for Q1, which was propelled forward by its investment bank that benefited from the boom in listing special purpose Acquisition companies. According to Refinitiv, Deutsche Bank is positioned sixteenth in the league table of capital raised on stock markets globally with $6.65 billion.
This announcement marks the departure of another senior banker from Credit Suisse which has been involved in a run of scandals. Gruffat’s decision adds to other recent moves from Credit Suisse. Last week, it was reported that Didier Denat, also a twenty-year veteran at the Swiss bank, left for the ranks of Citi to lead the alternative assets franchise in EMEA.
Credit Suisse has plummeted into a crisis after losing more than $5 billion from the collapse of the investment firm, Archegos and suspending funds linked to the collapsed British supply chain finance company, Greensill Capital. These scandals have led to the bank having to reduce bonuses when a number of its rivals intend to increase payouts after a rich quarter for trading.
Deutsche Bank announced on Thursday that it has named Stephane Gruffat as its new Co-Head of equity capital markets in Europe, effective immediately.
According to an internal memo seen by Reuters and shared with Finance Magnates, Stephane Gruffat, a financial veteran at Credit Suisse, has been recruited by Deutsche Bank, a leading German financial services provider, as its new Co-Head of equity capital markets in Europe.
Additionally, Gruffat will Head the ECM syndicate for the EMEA region. He will report directly to Henrik Johnsson, the bank’s co-head of capital markets and European investment banking.
Prior to this announcement, Gruffat spent his entire career at Credit Suisse, which amounts to the sum of two decades at the Swiss-based financial services firm. His most recent position was Head of the equity capital markets syndicate.
Moreover, Gruffat has contributed to managing several high-profile stock market fundraising rounds in Europe including the Spanish fund distribution firm Allfunds last month, which is located in Amsterdam.
Deutsche Bank’s Benefits from Credit Suisse’s Loss
Deutsche Bank reported its highest profit in seven years for Q1, which was propelled forward by its investment bank that benefited from the boom in listing special purpose Acquisition companies. According to Refinitiv, Deutsche Bank is positioned sixteenth in the league table of capital raised on stock markets globally with $6.65 billion.
This announcement marks the departure of another senior banker from Credit Suisse which has been involved in a run of scandals. Gruffat’s decision adds to other recent moves from Credit Suisse. Last week, it was reported that Didier Denat, also a twenty-year veteran at the Swiss bank, left for the ranks of Citi to lead the alternative assets franchise in EMEA.
Credit Suisse has plummeted into a crisis after losing more than $5 billion from the collapse of the investment firm, Archegos and suspending funds linked to the collapsed British supply chain finance company, Greensill Capital. These scandals have led to the bank having to reduce bonuses when a number of its rivals intend to increase payouts after a rich quarter for trading.
Coming from a background in English Education, Tom joined Finance Magnates in Autumn 2020, originally as a Content Specialist and Proofreader in his first year. Having completed three successful years with the FM News desk, he has since worked with the team as both an editor and a proofreader.
Previously, he spent almost two decades in the field of education, working around the globe at different institutions and companies, which has influenced him considerably after being immersed in various cultures and business environments.
Now fully developed in this field, he is relishing the challenge of constantly adapting to the ever-changing fintech industry and all the developments that arise.
He holds a bachelor's degree in Marketing and a higher diploma in English Teaching from Cambridge University.
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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📣 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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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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!