Bloomberg News reports that Aram, who has led the Middle East since 2010 and added Africa to his responsibilities this year, will become chief executive officer of Europe, Middle East and Africa, co-CEO Juergen Fitschen said October 29. EMEA will be managed from Europe, he said.
In the meantime, Bloomberg also reports that Deutsche Bank plans to name Ram Nayak as its global head of fixed income and currency trading division, according to a person familiar with the matter.
Nayak, who is based in London, worked at Credit Suisse before joining Deutsche Bank in 2009 as head of global markets structuring. In his new role he will report to Garth Ritchie, who was named last month to lead the global markets unit, said the person, who asked not to be identified because the promotion hasn’t been made public. The Wall Street Journal reported earlier that Nayak will get the role.