Deutsche may lose Asia forex lead on Jain's exit
Hong Kong
THE exit of Deutsche Bank co-chief executive Anshu Jain may see the lender surrender its strong position in Asia's fast growing foreign exchange and fixed income markets, with incoming CEO John Cryan expected to cut some of the capital-intensive businesses Mr Jain oversaw.
Deutsche was the joint No 1 dealer by market share in Asia's foreign exchange markets in 2014, excluding Japan, and third for fixed income, according to Greenwich Associates.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Robinhood Crypto gets Wells notice from US SEC
Central banks need digital currencies to stay relevant
China’s CICC demotes senior bankers, cuts pay to slash costs
Citi promotes Damien Tan to corporate banking head for Singapore
Australian dollar firm as bulls bet on hawkish turn at RBA
ECB rate cut case getting stronger, says chief economist Lane