Deutsche Bank Names Three New Managing Directors

Deutsche Bank Global Technology and Operations division, an arm of Deutsche Bank AG, has made three senior level executive appointments at the managing d

irector level to fortify its operations.

Deutsche Bank Group Technology & Operations (GTO) has appointed Steve Horn, Maggie Parent and Steven Rubel to respective roles as managing directors, based out of New York.

Mr. Horn was promoted to oversee Deutsche Bank’s GTO in the establishment of the bank’s Intermediate Holding Company (IHC). Prior to the role, he was the global head of GTO corporate banking & securities Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and collateral management.

Ms. Parent was also recruited as the head of GTO corporate technology – Americas. She will be tasked with supporting technology for the Intermediate Holding Company (IHC). She joined from Credit Suisse, having worked as the COO for investment banking technology, and Morgan Stanley before that.

Finally, Mr. Rubel joined the bank as its global head of collateral operations and Americas head of markets clearing and listed derivatives operations. Most recently, Mr. Rubel served as the global head of collateral management and global capital markets treasurer at AIG.