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New chief aims to exploit region's opportunities
February 9, 2010
Can Deutsche Bank replicate its success in foreign exchange trading and derivatives and advise more of Asia's fast-growing companies on stock market listings and mergers?
That is the challenge facing Robert Rankin, who moved from UBS last June to become chief executive of the bank's Asian operations.
Last year, Deutsche Bank had a market share in regional foreign exchange trading of 26 per cent, double its nearest rival, and remained the leading derivatives provider across Asia.
It is fighting to maintain this strong market position in "flow" products in derivatives and make its mark in other lucrative areas, not least in equities and mergers and acquisitions advice.
The bank emerged from the financial crisis stronger than many of its erstwhile rivals and believes it has the ambition and capital to exploit opportunities across the fast-growing region.
Original Posting At: FT
That is the challenge facing Robert Rankin, who moved from UBS last June to become chief executive of the bank's Asian operations.
Last year, Deutsche Bank had a market share in regional foreign exchange trading of 26 per cent, double its nearest rival, and remained the leading derivatives provider across Asia.
It is fighting to maintain this strong market position in "flow" products in derivatives and make its mark in other lucrative areas, not least in equities and mergers and acquisitions advice.
The bank emerged from the financial crisis stronger than many of its erstwhile rivals and believes it has the ambition and capital to exploit opportunities across the fast-growing region.
Original Posting At: FT
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