LONDON Deutsche Bank is creating a new capital markets division as part of a restructuring of its investment banking division, Bloomberg News reported.
CEO John Cryan outlined new responsibilities for corporate and investment banking co-heads Garth Ritchie and Marcus Schenk, according to an internal email reported by Bloomberg.
Schenk will oversee client relationships while Ritchie will be in charge of market products such as derivatives, stocks and transaction banking.
Meanwhile, a new capital markets business will be set up operate as a joint-venture with the banks corporate finance and will have co-heads located in Frankfurt and New York, Bloomberg said.
A spokesman for Deutsche Bank wasnt immediately availa…
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