to manage a $US1.7 trillion balance sheet, and has been working alongside CEO Christian Sewing on one of the most dramatic transformations of any investment bank.exit of its secondary equities trading business
Even more important will be taking decisive action and lifting rates. Financial markets expect the Reserve Bank to raise the cash rate target by another 0.5 of a percentage point to 1.35 per cent next Tuesday. He supports countries having “a degree of heterogeneity” in decisions relating to the energy mix, and says while Germany’s turn back to coal could be seen as “a step backwards from a sustainability perspective”, energy security is essential. In the longer term, opportunities could open up for Australia to supply Germany with green hydrogen.
He started his banking career at Credit Suisse First Boston in London in 1992. He then spent a decade at JPMorgan in New York and Hong Kong. He crossed to Morgan Stanley, where he spent four years. He then joined Citigroup in 2009, months after the bank was bailed out by the US government to avoid collapse in the depths of the global financial crisis.
“We had to cut costs to build a sustainable margin for the company, but at the same time we needed to invest in technology and controls. , a former equities trader who assumed the top job a year ago when Anthony Miller left to run Westpac’s institutional bank, Deutsche is the No. 6 house for Australian bonds . In the region, it is No. 1 one for forex. It wants to do more to connect Australian corporates with its European expertise, including around developing taxonomies for ESG and green finance. It is hiring again.
Source: News Formal (newsformal.com)
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