Deutsche Bank Launches New Global Markets Unit, Reorganizes Investment Bank
- The new global capital markets division will be jointly headed by Alexander von zur Muehlen and Mark Fedorcik.
Deutsche Bank has continued to tinker with its operations in the midst of a multi-year restructuring process that has kept Germany’s largest lender on its toes. Weakened by a number of debilitating settlements and profit woes, the group has been one of the most active banks in terms of personnel moves and cost-cutting measures. Its latest initiative will see the reorganization of its investment banking structure, including partitioned roles for its co-heads of unit.
The London Summit 2017 is coming, get involved!
Marcus Schenck and Garth Ritchie were previously promoted to lead Deutsche Bank’s reorganized corporate and investment banking operations earlier this year. However, they have now disclosed a split in their respective duties in an effort to make its business more efficient, as well as the creation of a new global markets division at the lender.
Deutsche Bank will continue its ‘lean and mean’ strategy with the reorganization, this time opting to reduce its bureaucracy via the simplification of its investment banking unit – the goal will be to cut costs, not unlike several of its other recently announced moves and tranches of layoffs, which Deutsche Bank is hoping can improve its yearly outlook.
Mr. Schenck will maintain a focus on clients, overseeing corporate finance, global capital markets, and the bank's institutional client group. Mr. Ritchie will in turn concentrate on Deutsche Bank’s products and processes, supervising Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, fixed income and currencies, global transaction banking, electronic trading, listed derivatives and 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, research and the division's technology and operations – the changes are slated to take effect on July 1, 2017.
Transatlantic Management
The two individuals will retain a large amount on their plates, given the latitude of their respective areas of coverage and business at Deutsche Bank, which despite taking a hit over the past year remains one of the industry’s largest. In light of this partition, Deutsche Bank will also be launching a new global capital markets division that in turn will be jointly headed by Alexander von zur Muehlen in Frankfurt and Mark Fedorcik in New York.
It remains to be seen whether the structure presented from Deutsche Bank will ultimately help allay its cost concerns, however the group is coming off a successful Q1 earnings that saw it largely reverse many investors’ fears heading into 2017. The group is also simultaneously grappling with a unique settlement plan with ex-managers in a bid for immunity.
Deutsche Bank has continued to tinker with its operations in the midst of a multi-year restructuring process that has kept Germany’s largest lender on its toes. Weakened by a number of debilitating settlements and profit woes, the group has been one of the most active banks in terms of personnel moves and cost-cutting measures. Its latest initiative will see the reorganization of its investment banking structure, including partitioned roles for its co-heads of unit.
The London Summit 2017 is coming, get involved!
Marcus Schenck and Garth Ritchie were previously promoted to lead Deutsche Bank’s reorganized corporate and investment banking operations earlier this year. However, they have now disclosed a split in their respective duties in an effort to make its business more efficient, as well as the creation of a new global markets division at the lender.
Deutsche Bank will continue its ‘lean and mean’ strategy with the reorganization, this time opting to reduce its bureaucracy via the simplification of its investment banking unit – the goal will be to cut costs, not unlike several of its other recently announced moves and tranches of layoffs, which Deutsche Bank is hoping can improve its yearly outlook.
Mr. Schenck will maintain a focus on clients, overseeing corporate finance, global capital markets, and the bank's institutional client group. Mr. Ritchie will in turn concentrate on Deutsche Bank’s products and processes, supervising Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, fixed income and currencies, global transaction banking, electronic trading, listed derivatives and 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, research and the division's technology and operations – the changes are slated to take effect on July 1, 2017.
Transatlantic Management
The two individuals will retain a large amount on their plates, given the latitude of their respective areas of coverage and business at Deutsche Bank, which despite taking a hit over the past year remains one of the industry’s largest. In light of this partition, Deutsche Bank will also be launching a new global capital markets division that in turn will be jointly headed by Alexander von zur Muehlen in Frankfurt and Mark Fedorcik in New York.
It remains to be seen whether the structure presented from Deutsche Bank will ultimately help allay its cost concerns, however the group is coming off a successful Q1 earnings that saw it largely reverse many investors’ fears heading into 2017. The group is also simultaneously grappling with a unique settlement plan with ex-managers in a bid for immunity.