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Deutsche hires new STEF Asia head

25 January 2010

Deutsche Bank has appointed a new head of head of structured trade and export finance Asia, and continues the search for a new head of Americas structured trade finance.

Read more: [Deutsche Bank structured commodity and trade finance Asia]

Deutsche Bank has hired a senior RBS trade banker as its new head of structured trade and export finance Asia, and continues the search to find a new head of Americas structured trade finance.

Paul Gardner is due to start this week at the bank having moved from RBS, where he was head of...


Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%