Deutsche Bank has a duality of key vacancies to fill, following the announced departures of Daniel Caplan and Simon Kempton, who are both parting ways with the lender, according to a recent Reuters report.
Deutsche Bank’s Prime Finance business division caters specifically to a variety of hedge funds. The bank’s unit provides myriad services such as lending money and settling trades for clients, namely hedge funds.
The bank’s Prime Finance unit had named Dixit Joshi as its Global Head of Prime Finance back in April, following the loss of Murray Roos, who left to join Citigroup Inc.
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Mr. Caplan has served as Deutsche Bank’s Head of Global Prime Finance for Europe, Middle East and Africa (EMEA) and has been a mainstay at the bank since 2001, while Mr. Kempton has been its Global Head of Prime Brokerage – the loss of both individuals has immediately prompted a succession plan at Deutsche Bank, culminating in the appointment of Ashley Wilson.
Ashley Wilson has been the acting Head of Synthetic Equities at Deutsche Bank prior to being called up to help fill the void in the Prime Finance division. Mr. Caplan’s responsibilities will be absorbed by Wilson, who will be reporting to Mr. Joshi in the new role.
Deutsche Bank has been losing a number of key personnel in recent months with one of its more recent departures being one of its senior deal makers and merger and acquisition (M&A) specialists, Henrik Aslaksen.
Deutsche Bank (NYSE:DB) recently reported its financial metrics for Q2 2015, which were underpinned by mounting litigation costs. Additionally, the metrics were partly pared by surging volatility in foreign exchange (FX) markets that yielded a positive impact on revenues.