Deutsche Bank Reorganizes Equity Derivatives
Deutsche Bank has restructured its flow and structured equity derivatives departments as a global unit. The department is now headed by the European head, Yassine Bouhara, managing director and head of structured and flow equity derivatives, according to Rick Goldsmith, co-head of global equity derivatives.
The department previously had regional heads--Mike Reeber in Asia and Bill Davis and Matt Carrara in the U.S.--reporting directly to Goldsmith and Ralph Reynolds, co-head of global equity derivatives. These heads will now report to Bouhara. Goldsmith said it made the change because Europe is the center for these products and the firm's technology and skill is based there. He added that it made the change now because U.S. investors, which have previously been happy to invest in cash equity are starting to look at structured products because of the low interest-rates and high volatility. As this market grows Bouhara will be able to help the region develop its products. Deutsche Bank already has this arrangement for other departments which report to Goldsmith and Reynolds, such as program trading and convertible bonds.