Brian Reid, managing director at Deutsche Bank and global head of money markets and repos, has been promoted to head the firm's institutional client group for the Americas. Ted Meyer, a firm spokesman, says Deutsche Bank's heads of sales for derivatives, foreign exchange and global markets products will all report to Reid. Reid, who will move to New York from London, is a member of the bank's executive committee, global markets division. He replaces Jim Coley, who left the bank earlier this year.
Paul Lewis, managing director and London-based head of global exchange services, will take over Reid's former role, while retaining his current duties. Lewis, who joined the German bank in 1995, is also an executive committee member.