The TRADE 61 - Q3 2019 | Page 48

[ T I M E L I N E | D E U T S C H E B A N K ] TIMELINE: Deutsche Bank’s prime brokerage & electronic equities APRIL 2015 The TRADE highlights some of the key inflection points for Deutsche Bank’s prime brokerage and electronic equities businesses that have been casualties of the German institution’s severe cost- cutting measures announced in July this year. 48 // TheTrade // Fall 2019 Co-head of global prime finance, Murray Roos, leaves Deutsche Bank to take on a global equities role at Citi. Deutsche Bank says it is planning to shrink its bal- ance sheet by €200 billion, of which €40-50 billion will be through client reduction. JUNE 2015 Deutsche Bank makes string of senior hires to its equities team, including former Gold- man Sachs veteran and head of European execution commis- sions management, Robert McDermott. These senior appoint- ments reflect the bank’s commitment to electronic trading, Deutsche Bank says.