Deutsche Bank, a leading
German financial services provider, has selected Darren Boulos to strengthen
its global forex efforts in the Asia Pacific (APAC) region.
Boulos intends to act in the
capacity of Co-Head of GFX for APAC, Deutsche Bank announced in a media release on Friday.
He will step into Lee
Merchant’s shoes as the latter recently relocated to London to lead Deutsche Bank’s spot trading team.
Deutsche Bank, which recently
appointed James von Moltke as
President, said it will announce the other APAC co-head “in due course.”
Previously, Boulos was
Deutsche Bank’s Managing Director for Australia between 2006 and
2015.
He is rejoining the
German investment bank after spending more than five years at the Bank of New
York Mellon Corporation (BNY Mellon).
At BNY Mellon, an
American investment banking services holding company, Boulos served as the Head
of FX Sales and Trading for APAC.
According to Deutsche
Bank, Boulos, who left BNY Mellon in December last year, spent almost a decade
as Head of FIC at its subsidiary in Australia.
“During his over
three-decade career, Darren has held key FIC roles across Sydney, Singapore,
London and Tokyo,” the German bank said in the statement.
“I am grateful and
excited to be heading back to the No1 ranked FX bank in the world as co-head of
APAC FX based in Sydney,” Boulos wrote on his LinkedIn
page.
‘GFX Franchise’
Deutsche Bank’s net
profit hit €2.5 billion in 2021. It said this was the highest
level reached since 2011.
Russell LaScala,
Deutsche Bank’s Global Head of FX, noted that Boulos’ appointment is to help drive the bank’s forex growth in the APAC region.
“As we continue to invest
in areas where we see considerable opportunity, we look forward to having
Darren rejoin the team to help drive our leading GFX franchise across Asia
Pacific, the growth engine for our bank,” LaScala said.
Glenn Morgan, Deutsche
Bank’s CEO for Australia, emphasised the bank’s drive to top its forex
service.
“We look forward to
welcoming Darren back to Deutsche Bank in Australia and further developing our
position as one of Deutsche Bank’s global FX hubs,” Morgan added.
A few weeks ago, Deutsche
Bank’s DWS CEO, Asoka Woehrmann, resigned hours after the asset
manager faced allegations of ‘greenwashing’.
According to
prosecutors, initial investigations indicated that environmental, social and
governance criteria were not taken into account in most of the funds featured
in the company’s sales brochures.
Deutsche Bank, a leading
German financial services provider, has selected Darren Boulos to strengthen
its global forex efforts in the Asia Pacific (APAC) region.
Boulos intends to act in the
capacity of Co-Head of GFX for APAC, Deutsche Bank announced in a media release on Friday.
He will step into Lee
Merchant’s shoes as the latter recently relocated to London to lead Deutsche Bank’s spot trading team.
Deutsche Bank, which recently
appointed James von Moltke as
President, said it will announce the other APAC co-head “in due course.”
Previously, Boulos was
Deutsche Bank’s Managing Director for Australia between 2006 and
2015.
He is rejoining the
German investment bank after spending more than five years at the Bank of New
York Mellon Corporation (BNY Mellon).
At BNY Mellon, an
American investment banking services holding company, Boulos served as the Head
of FX Sales and Trading for APAC.
According to Deutsche
Bank, Boulos, who left BNY Mellon in December last year, spent almost a decade
as Head of FIC at its subsidiary in Australia.
“During his over
three-decade career, Darren has held key FIC roles across Sydney, Singapore,
London and Tokyo,” the German bank said in the statement.
“I am grateful and
excited to be heading back to the No1 ranked FX bank in the world as co-head of
APAC FX based in Sydney,” Boulos wrote on his LinkedIn
page.
‘GFX Franchise’
Deutsche Bank’s net
profit hit €2.5 billion in 2021. It said this was the highest
level reached since 2011.
Russell LaScala,
Deutsche Bank’s Global Head of FX, noted that Boulos’ appointment is to help drive the bank’s forex growth in the APAC region.
“As we continue to invest
in areas where we see considerable opportunity, we look forward to having
Darren rejoin the team to help drive our leading GFX franchise across Asia
Pacific, the growth engine for our bank,” LaScala said.
Glenn Morgan, Deutsche
Bank’s CEO for Australia, emphasised the bank’s drive to top its forex
service.
“We look forward to
welcoming Darren back to Deutsche Bank in Australia and further developing our
position as one of Deutsche Bank’s global FX hubs,” Morgan added.
A few weeks ago, Deutsche
Bank’s DWS CEO, Asoka Woehrmann, resigned hours after the asset
manager faced allegations of ‘greenwashing’.
According to
prosecutors, initial investigations indicated that environmental, social and
governance criteria were not taken into account in most of the funds featured
in the company’s sales brochures.
