Commerzbank Archives - The Industry Spread

David Hatton Joins EuroCCP as Its New Chief Technical Officer

May 16, 2019

European clearing house EuroCCP has appointed David Hatton as the firm’s new Chief Technology Officer (CTO) as per the announcement made by the firm yesterday. He is replacing Albert Jan Huizing as CTO but will work in co-capacity as CTO until Albert resigns from the post at end of June to ensure a smooth transition. Albert has been with EuroCCP since it was founded in 2007 making him one of the oldest employees of the firm.

Deutsche Bank Pledged to Arrest Decline in Revenue in 2019, Fiscal 2018 Revenue 4.3% Lower at €25.32 billion

March 23, 2019

German multinational investment and financial services company, Deutsche Bank published its annual report for fiscal 2018, that ended on 31st Dec 2018. During the period, the bank showed a weak performance achieving revenue of €25.32 billion, which is 4.3 per cent lower compared to that of 2017. Taking a look at the report, the bank has pledged to reverse the declining revenue in 2019 assuming solid economic growth during the period.