25-10-2021, 08:41 AM
Fri, 22 October 2021, 9:57 am
By Ambereen Choudhury, Nabila Ahmed and Donal Griffin
(Bloomberg) — To find the biggest money maker at the rarely-money-making Deutsche Bank AG, you need to travel 6,370 miles from Frankfurt to the 18th floor of a glass office tower overlooking the green waters of Marina Bay in Singapore.
There, Chetankumar Shah, a low-profile and publicity-shy banker in his early 50s, runs a team that oversees complex financing for clients ranging from Asian tycoons to an Indonesian conglomerate, while trading the distressed debt of companies including an Israeli shipping firm.
Shah may not be a household name on Wall Street, but his global financing and credit trading group pulls in an estimated 3 billion euros (US$3.5 billion) annually, accounting for about a third of revenue for the entire investment-banking division
......
Under Shah’s leadership, Deutsche Bank has cemented its role as one of the world’s biggest credit traders. His global empire includes the distressed-debt trading business that has long been a strength of Germany’s biggest bank, along with a lending unit that's served as a growth area after many Wall Street rivals pulled back in the wake of the financial crisis.
......
He’s outlasted six CEOs during his 15-plus years on the credit team, working as head or co-head for the last six years.
Despite the billions his team brings in, Shah avoids the limelight from his nondescript corner office in the heart of Singapore’s financial district.
Much more at: https://sg.finance.yahoo.com/news/the-to...07994.html
By Ambereen Choudhury, Nabila Ahmed and Donal Griffin
(Bloomberg) — To find the biggest money maker at the rarely-money-making Deutsche Bank AG, you need to travel 6,370 miles from Frankfurt to the 18th floor of a glass office tower overlooking the green waters of Marina Bay in Singapore.
There, Chetankumar Shah, a low-profile and publicity-shy banker in his early 50s, runs a team that oversees complex financing for clients ranging from Asian tycoons to an Indonesian conglomerate, while trading the distressed debt of companies including an Israeli shipping firm.
Shah may not be a household name on Wall Street, but his global financing and credit trading group pulls in an estimated 3 billion euros (US$3.5 billion) annually, accounting for about a third of revenue for the entire investment-banking division
......
Under Shah’s leadership, Deutsche Bank has cemented its role as one of the world’s biggest credit traders. His global empire includes the distressed-debt trading business that has long been a strength of Germany’s biggest bank, along with a lending unit that's served as a growth area after many Wall Street rivals pulled back in the wake of the financial crisis.
......
He’s outlasted six CEOs during his 15-plus years on the credit team, working as head or co-head for the last six years.
Despite the billions his team brings in, Shah avoids the limelight from his nondescript corner office in the heart of Singapore’s financial district.
Much more at: https://sg.finance.yahoo.com/news/the-to...07994.html