<b>Edson Mitchell</b>
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BANKING

<b>Edson Mitchell</b>

Headline: Edson Mitchell
Source: Euromoney
Date: February 2001
Author: Tessa Oakley, Philip Eades

Head of global markets, Deutsche Bank

       
Mitchell: played a key role in
Deutsche Bank's transformation
On December 22 2000, Edson Mitchell was killed in a plane crash. His death has deprived Deutsche Bank of a talented banker and a key figure in its transformation from a small player into a bulge bracket investment bank. Last year Deutsche Bank won Best Bank in Euromoney’s awards for excellence, largely in recognition for the transformation Mitchell engineered.

Deutsche recruited the American in 1995 from Merrill Lynch, where he had helped build up the bank’s derivatives business and ran fixed income. He joined as head of global markets at Deutsche Morgan Grenfell (DMG), Deutsche’s then newly-launched investment banking arm.

Mitchell had big plans. Derivatives played a part across all asset classes and he used them as a thread to integrate the parts of the business he was responsible for – commodities, debt, foreign exchange and, later, equities.

His success story during his 15 years at Merrill Lynch undoubtedly gave him the credibility to push through changes at DMG.












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