Deutsche Bank has announced the appointment of Oliver Jerome
as the new Head of European Foreign Exchange Product. Jerome, a seasoned
industry veteran, brings a wealth of experience from his previous roles in
prominent financial institutions.
Joining Deutsche Bank as Head of European FX Division
Prior to joining Deutsche Bank, Jerome served as the Chief Executive
and Co-Founder of BestX, a provider of trade execution analysis software for
the foreign exchange market. During his tenure at BestX, Jerome played a
pivotal role in steering the company to success, earning accolades such as the
Fintech Start-up of the Year and Best Execution Product of the Year in 2018.
Before his tenure at BestX, Jerome held significant
positions at renowned financial institutions. He spent six years at Morgan
Stanley, where he served as Managing Director and Head of FX & EM EMEA
Sales & Trading. Prior to that, he held various leadership roles within
Morgan Stanley, including Head of FX & EM Sales for EMEA & Americas.
Jerome’s illustrious career also includes stints at Standard
Chartered Bank and J.P. Morgan, where he held senior positions in FX sales and
structured products, accumulating over a decade of experience in the financial
industry.
First Quarter Performance Propels Deutsche Bank to
Highest Profit Since 2013
Earlier, Deutsche
Bank reported a net profit attributable to shareholders of €1.275 billion
($1.365 billion) for the first quarter, indicating a 10% increase from the same
period last year, as reported by Finance
Magnates. Surpassing analysts’ forecasts of €1.23 billion, this figure
marks the bank’s highest first-quarter profit since 2013. Additionally, the
bank’s revenue climbed 1% year-on-year to €7.8 billion, attributed to growth in
commissions and fee income, coupled with robust performance in fixed income and
currencies.
“This quarter we achieved double-digit profit growth, and
our highest first quarter profit since 2013, through disciplined execution of
our Global Hausbank strategy,” Christian Sewing, the Chief Executive Officer of
Deutsche Bank, commented.
This article was written by Tareq Sikder at www.financemagnates.com.
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