0EOPLE
&-ARKETS
SOCIETE GENERALE
has hired Claire
Calmejane from Lloyds
Banking Group as its
chief innovation officer,
tasked with leading
digital innovation and
automation efforts.
Calmejane will take up
the role on September
3 and will report to
CEO Frederic Oudea.
Calmejane was most
recently risk
transformation director
at Lloyds. She is an IT
engineer who began
her career in 2006 at
Capgemini Consulting
and joined Lloyds in
- She is a member
of the World Economic
Forum’s “Future of AI
and financial services
automation” project.
Bruce Fletcher has
joined ROYAL BANK
OF SCOTLAND from
HSBC as chief risk
officer, following the
planned departure of
David Stephen.
Fletcher, 58, is CRO for
HSBC’s global retail
banking and wealth
management business
and was previously
CRO of its European
banking arm and its
UK banking unit. He
previously spent 17
years at Citigroup,
including as senior
credit officer, after
starting his career at
Irving Trust Bank in
New York. Stephen is
moving to Australia’s
Westpac to head its
risk operations after a
handover period.
0LEASEûCONTACTûUSûIFûYOUûHAVEûINFORMATIONûABOUTûJOBûMOVES [email protected]
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three years ago.
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Philip Scipio
jumbo trades earlier this year.
It was global coordinator on a US$2.26bn
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following sectors such as tech and
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trying to win business among names
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to broaden their reach amid an increasingly
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Paul Kilby
Deutsche halts revenue crash
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QUARTERûNETûPROlTûWELLûAHEADûOFûFORECASTSûAû
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largest lender cuts jobs and costs to try to
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2017.
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they fell 10% from 2016.
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include €100m from a gain on an asset sale
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Deutsche said its sales and trading
REVENUESûINûTHEûSECONDûQUARTERûAREû
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year earlier. That would indicate a worse-
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forecast by analysts.
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summary of earnings. It is due to release full
RESULTSûONû*ULYû
COSTS DOWN, CAPITAL UP
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show it has made good progress in
cutting risk-weighted assets.
Deutsche Bank shares jumped after the
RELEASEûANDûGAINEDûTHROUGHûLASTûWEEK
Analysts at UBS said the bounce on
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Daniele Brupbacher said in a note.
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)TûHASûBEENûDOGGEDûBYûAûRUNûOFûNEGATIVEû
NEWSûANDûHASûPOSTEDûTHREEûCONSECUTIVEû
years of losses and had an abrupt
MANAGEMENTûRESHUFmEûEARLIERûTHISûYEAR
The bank has made progress in reducing
STAFFûWITHûHEADCOUNTûDOWNûBYûABOUTûû
PEOPLEûTOûJUSTûOVERûû$EUTSCHEûSAIDû
ONû-ONDAY
Steve Slater