Deutsche Bank transfers prime brokerage and electronic equities to BNP Paribas

On the 09.23.19 at 4:39PM


Tuba Raqshan

Deutsche Bank has announced the transfer of its global prime finance and electronic equities clients to French bank BNP Paribas, with the potential migration of 1,000 staff.

After Deutsche Bank decided to exit its global equities business in July as a part of a €6bn restructuring program, BNP Paribas, which is looking to expand its presence, had expressed an interest in the entity.

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