Amrolia to lead Deutsche Bank digital drive
FX market veteran takes up new role developing digital technology and reducing business complexity across Deutsche Bank’s markets platform
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.
The decision to appoint such a senior executive as Amrolia to a digital role shows the importance that many investment banks are placing on using technology for not just managing risks and reducing complexity and costs across their platforms, but also in using big data to serve their clients better.
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.