The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

An apology: Mark Stainton

In last month's edition of Euromoney we published an article on page 10 headed "Is Deutsche's CDO business out of control?" which referred to Mark Stainton, Deutsche's successful former Head of CDO trading. Some readers may have thought that the article suggested that there was a link between Mark Stainton's departure from Deutsche to go to Citadel and an alleged overstatement of profits by Deutsche's trader Anshul Rustagi, whose dismissal from Deutsche Bank is currently subject to appeal.

We now understand that Mr Stainton's move from Deutsche to Citadel took place prior to the discovery of the allegations against Mr Rustagi and accept that this was entirely unconnected with the allegations.

We did not intend to suggest that Mr Stainton was responsible for any failure by Deutsche to detect the alleged over-statement of profits by Mr Rustagi or that Mr Stainton knew of or was in any way implicated in any wrongdoing.

We sincerely apologise to Mr Stainton for the distress and embarrassment caused by our article.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree