Seeking Alpha

Deutsche shifts to offense in U.S.

  • Turning its attention from cleaning up legacy issues to growth, Deutsche Bank (DB +0.4%) is adding senior staff and billions in capital to its U.S. unit, with the latest move being the elevation of Rich Herman to New York-based co-head of fixed income trading. Herman previously ran the global debt sales team out of London, but will relocate to the Apple to replace Wayne Felson.
  • Deutsche has typically had #1 market share in U.S. bond trading, but fell all the way to 4th spot last year behind JPMorgan, Credit Suisse, and Citigroup, according to research group Greenwich Associates.
  • “We see fixed income as a core franchise at Deutsche Bank and remain committed to it,” said Deutsche co-CEO Anshu Jain last month, vowing to step up U.S. investment.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|