Deutsche Bank’s restructuring is well under way, and Stefan Hoops, the recently appointed head of the corporate banking division, believes the new structure is already paying dividends for the business and the bank.
“The benefits should be reflected in our 2019 financial results,” he tells Euromoney.
Announced by CEO Christian Sewing in July, the bank’s transformation focuses on four pillars – corporate banking, investment banking, private banking and asset management.
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Stefan Hoops, |
Under Hoops, the bank’s capital markets and transaction banking businesses were brought together under corporate banking, due to the overlap in terms of the client base served.
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