"We definitely see more potential for the segment," Bosman said. "We want to enlarge our M&A teams," he said in an interview at the World Bank conference in
M&A constitutes about 20 per cent of Deutsche Bank’s
In an earlier role as Head of Corporate Finance at Rand Merchant Bank, Bosman was previously involved with many of
In August, Deutsche Bank snatched four top executives from UBS, Macquarie Group and Goldman Sachs to build up its overall South African business.
Including M&A and other business, total group revenue for 2009 for the bank’s South African operations should reach EUR200 million, with EUR160 million already earned so far for the year, Bosman said.
Bosman expects annual revenue growth of 10 per cent to15 per cent for the South African unit, which will be accomplished organically and will include enlarging the bank’s staff in
Anshu Jain, Deutsche Bank’s head of global markets, sees
Source: The Austrailan News