Deutsche Bank has expanded its equity research operations in the Dubai International Financial Centre (DIFC), culminating in the appointment of three equity analysts to help bolster the lender’s emerging markets (EM) focus, according to a Deutsche Bank announcement.
The new analysts will be joining Deutsche Bank’s EM Equity Research, thereby concentrating their attention and focus on the lender’s research hub across EM in the DIFC. This also includes the scope of the Banks, Oil & Gas, Telecom, Media, Metals & Mining, Utilities, Healthcare, Consumer Discretionary, Consumer Non-Discretionary, Transport, Chemicals, and Real Estate sectors. On a broader level, the newly augmented unit will also extend its focus to the Middle East and North Africa (MENA) region.
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According to Pascal Moura, Head of Equity Research in Emerging EMEA and Latin America, in a recent statement on the appointments: “We are pleased to announce today the expansion of our leading emerging markets research platform from our office in the DIFC.”
“We now have nine analysts covering twelve sectors in nine markets across the EM complex, providing a unique coverage platform for high quality equity research, further enhancing our position as one of the leading and most comprehensive research platforms in the region,” he added.
This is one of the few appointments Deutsche Bank has made thus far in the new year, with the majority of headlines underscoring a winnowed workforce across its London operations. Last fall, the group convulsed shareholders with plans to eliminate upwards of 35,000 jobs. Investors will be looking to the lender’s next quarterly financial release or any other clues of a mass exodus in its global workforce.