Deutsche Bank has appointed Glenn Morgan as Head of Equities for Australia, effective April 2017. Morgan, who joined Deutsche Bank in 2009, succeeds Vic Jokovic who has decided to retire from the bank after 26 years.
Jokovic joined Deutsche Bank in 1991 and was most recently Co-Head of Global Markets and Head of Equities for Australia.
Michael Ormaechea, Chief Executive Officer for Australia, said: “Vic has made an enormous contribution not only to our Equities business in Australia, but to Deutsche Bank more broadly. He has been one of our most loyal and oustanding managers, a true partner and a strong cultural ambassador for the bank over his 26 year career.“
Commenting on Morgan’s appointment, Ormaechea said: “We are very fortunate to have a natural successor in Glenn. Over the last eight years, Glenn has been a key member of the Equities Management Team and integral to the development of our business into the market leader that it is today. The transition of leadership for clients will therefore be seamless.
Co-Head of Global Markets APAC, James Boyle, added: “Glenn assumes his role at a time when the Equities business in Australia is in excellent shape. We are confident that under his leadership, the business will continue to go from strength to strength.”
Morgan will report locally to Kevin Kosovich, Head of Global Markets Australia, and regionally to James Boyle, Co-Head of Global Markets APAC. He will be a member of the Australian Executive Committee and the Global Markets Equities APAC Executive Committee.
Head of Global Markets Australia, Kevin Kosovich, said: "Glenn's appointment is testament to the role he has played in strengthening the Equities business, alongside Vic, in recent years. I look forward to working with him as we continue to position our Global Markets platform (across debt and equities) as a leader in the local market."
Under Strategy 2020, Deutsche Bank’s global strategic plan, Equities was highlighted as an area of ongoing investment.
In Australia, Deutsche Bank has one of the broadest equity product offerings operating across cash equities, prime finance and structured products. The bank’s strong cash platform consistently occupies a No.2 spot for market share (No.2 for ASX market share in 2016) and is supported by a top tier research platform, outstanding derivatives capabilities and a leading prime finance business.