Market Chatter: Deutsche Bank Hires Standard Chartered Bankers to Expand Dubai Private Banking

MT Newswires Live

Jul 13

Deutsche Bank (DB) has hired four private bankers from Standard Chartered, including Managing Director Eleftherios Sachanidis, as the German lender builds out its wealth management operations in Dubai, Bloomberg News reported Monday.

Sachanidis is set to report to Mubashar Ayoob, Deutsche Bank's head of the Gulf, with the group expected to support broader coverage of emerging-market clients, Bloomberg reported, citing an internal memo.

Deutsche Bank did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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