Friday, 20th November 2009

 

2 July 2008 - Press Briefing

Deutsche Bank expands private wealth operations in Russia

Deutsche Bank Russia on Tuesday launched a representative office in St. Petersburg, which will provide client support on Private Wealth Management and Global Transaction Banking.

It will be the bank's second office in Russia after Moscow where Deutsche Bank has been operating since 1998.

Ulyana Ivanova will lead the Private Wealth Management office while Angrey Golubkov will be Senior Relationship Officer for Global Transaction Banking.

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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