People: New origination role for Lee

Tiina Lee: takes on capital

Deutsche Bank has appointed Tiina Lee as head of European financial institutions capital origination. It is a new role at the bank that combines capital origination for debt and equity capital markets. The rationale is to take the bank’s alignment of the capital markets businesses in debt and equity to the next level, says Deutsche Bank. The present crisis, with banks, especially, in dire need of capital makes this type of approach from intermediaries increasingly important.

Although banks and securities firms have raised some $350 billion of capital over the past 12 months, they have also announced write-downs of $500 billion – according to Bloomberg.