Former Director Morgan Stanley to head Deutsche Bank
2023.01.05 15:16
Former Director Morgan Stanley to head Deutsche Bank
Budrigannews.com – Michael Heaney, a former Morgan Stanley (NYSE:) employee, was appointed by Deutsche Bank AG. executive, the German bank announced on Thursday, as chairman of its US subsidiary.
Heaney worked at Morgan Stanley for three decades, rising to the position of global co-head of fixed income sales and trading while also serving on the management committee.
In addition, the executive served as lead independent director at TP ICAP (LON:) and chaired the Fixed Income Market Structure Advisory Committee of the U.S. Securities and Exchange Commission. the largest inter-dealer broker in the world.
The change takes effect right away. Heaney will take over for Ed Kangas, who has held the position since 2016.
Christian Sewing, Deutsche Bank (ETR:), says, “Michael’s extensive experience and expertise in fixed income and risk management will be an enormous benefit as we navigate a volatile economic and financial market environment.” the statement said about the company’s CEO.
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