EXCLUSIVE: Deutsche Bank unveils new securities lending team
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EXCLUSIVE: Deutsche Bank unveils new securities lending team 29 January 2020New York Reporter: Drew Nicol
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Deutsche Bank has named its new Securities Services and Agency Securities Lending team, with Rebekah Flohr stepping up to become the bank's first female global head of agency securities lending.
Flohr, who is based in New York, will take on her new role in addition to her existing roles managing global sales and securities services in the Americas.
In a memo to staff, seen by SLT, says Michaela Ludbrook, global head of Securities Services and America’s head of corporate banking said Flohr “will be instrumental in driving the next generation of agency securities lending product and cross-divisional solutions”.
Flohr joined the German bank in her lead sales role in 2012 from J.P. Morgan.
“With the skillful and capable team we have in place, I feel great about achieving continued performance for our clients as well as shaping enhanced delivery and client experience going forward,” Flohr says.
Flohr fills the gap left by Tim Smollen, who left to join MUFG in a similar capacity, along with two other senior members of Deutsche Bank agency lending team.
Elsewhere, Steven Hondelink will join Deutsche Bank’s corporate arm to become head of securities services and agency lending for Europe, the Middle East and Africa (EMEA).
His new titles come in addition to his current duties at the bank’s head of capital release group (CRG) for Germany.
Hondelink has 25 years of industry experience and, since joining Deutsche Bank in 2001, has held various senior positions in global equities and the CRG. According to Deutsche Bank, Hondelink, who is based in Frankfurt, will focus on the strategic positioning of the business in EMEA.
The memo also confirmed that Iain Macara and Peter Liberatore have been appointed COOs for the securities services business.
Macara will focus on strategy, governance and client analytics, while Liberatore will be responsible for resource management and administration.
Those taking on new roles will all also join the bank’s Securities Services and Agency Securities Lending executive council.
Flohr and Hondelink will report to Ludbrook, while Macara and Liberatore will report to Paul Maley, head of Corporate Bank (UK and Ireland).
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