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Deutsche Bank Appoints New Prime Finance Risk Manager

Deutsche Bank has appointed Richard Newman as a senior risk manager for global prime finance within the bank's global markets division. Mr Newman will be based in London and his appointment is effective from May 4, 2010.

Mr Newman will be responsible for providing sophisticated risk management solutions to international hedge fund clients focused on European markets. He will report to Kam Singh, European head of prime finance risk and Matthew Bowen, managing director within prime finance risk.

Previously, Mr Newman was head of European prime brokerage risk management at JP Morgan where he was responsible for the determination of margin and risk policy for European hedge fund clients.

Anthony Byrne, European co-head of prime finance at Deutsche Bank, said:”This appointment shows the commitment of the Deutsche Bank prime finance business to remain at the vanguard of industry development. We are confident that Richard’s expertise and extensive experience will be a great addition to our product offering in prime finance.”