Zar Amrolia, Deutsche Bank’s co-head of fixed income and currencies, will take on a new role leading the firm’s development of digital technology within its corporate banking and securities business, Euromoney understands.
In the new role, Amrolia will report directly to Colin Fan, Deutsche’s co-head of CB&S and head of markets.
Amrolia has been co-head of FIC since 2012. Over the past two years he has played a key role in the integration of Deutsche’s FIC business, including the development of the markets electronic trading and listed derivatives and clearing businesses.
From 2006 to 2012, Amrolia ran Deutsche Bank’s global foreign exchange business. Deutsche Bank ranked first for overall market share in the benchmark Euromoney FX survey in each year that he ran foreign exchange, before eventually ceding the top slot to Citi in 2014. The bank also established commanding leads in electronic trading and FX options market share, which it holds to this day.
Rich Herman, previously co-head of FIC with Amrolia, will now take sole charge of the division. Both Herman and Amrolia remain members of Deutsche’s CB&S executive committee.