Deutsche appoints new head of central bank sales in Europe

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The Deutsche Bundesbank in Frankfurt

The German bank has hired the former Nomura and Royal Bank of Scotland managing director Henrik Melph for the role, according to a person familiar with the matter.

Melph was most recently Nomura’s head of global markets sales for northern Europe.

He will report to Panayiotis Stergiou, Deutsche Bank’s European head of rates sales and structuring, and head of southern Europe.

Melph will be based in London, working in Deutsche Bank’s markets – or sales and trading – business. He will be responsible for managing relationships with central banks in Europe.

In late October, Deutsche Bank reported a 14% year-on-year rise in debt sales and trading revenue for the third quarter. The bank pointed to rises in revenues from rates and credit trading. Its global markets business made a profit of €330 million, compared to a loss of €2 billion in the third quarter of 2015.

Melph has also held roles at UBS and Morgan Stanley.

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