Deutsche Bank Trading Floor Birmingham

Deutsche bank is to set up a trading floor in birmingham expanding on the small investment banking presence it announced in december.

Deutsche bank trading floor birmingham.

Birmingham is the uk s second city. We want to be the bank of choice in the uk said hsbc uk chief antonio simoes. Hsbc has around 2 500 staff there and deutsche bank set up a trading floor in the city in 2013. 150 people in sales trading structuring and research by the end of the year.

Deutsche bank has promised to get very aggressive about costs. Deutsche has had a near shoring centre in birmingham since 2008 but electronic trading has made it possible for the bank to shift so called front office banking jobs there too. Ease of communication has always been pivotal when thinking about the design and layout of trading. Gensler s other clients include jpmorgan deutsche bank citigroup nomura and societe generale.

As a result deutsche is opening a trading floor in birmingham and plans to add 150 people to its current headcount of around 1 000 by the end of this year. Deutsche bank has previously said that it is working to improve its anti money laundering systems. Since then we ve expanded our offering to cover a range of businesses including asset and wealth management investment banking and related infrastructure services such as technology operations legal audit compliance and human resources. The german bank is already the biggest foreign owned.

Plans to move out of the 60 wall street location have been in the making for. But deutsche added a well publicized trading floor around. Deutsche bank employs about 8 000 people in the u s and 5 000 are set to occupy the new u s. Simonsen previously boasted that deutsche had increased front office revenues from its birmingham business by 150 and was planning a trading floor to seat 270 people.

The financial times reports that deutsche bank is to set up a trading floor in the uk in birmingham.