Deutsche Bank CEO Christian Sewing
Deutsche Bank’s exit from global equities, through the transfer of its prime finance and electronic business to BNP Paribas and the shuttering of most of the rest, understandably raised eyebrows when it was accompanied by CEO Christian Sewing’s assurance that the bank would continue to offer a “focused” equity capital markets (ECM) service to clients.
How, many wondered, could this be possible? After all, the received wisdom for decades has been that the two businesses operate in lockstep and that to be truly credible in primary ECM required the secondary market intelligence that only a big equities sales and trading platform could provide.
Thanks for your interest in Euromoney!
To unlock this article:
