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Deutsche Bank hires senior traders to expand energy trading push
The appointments are aimed at meeting rising corporate demand for energy-related services, with energy trading focused on market making and international client support.
Deutsche Bank is rebuilding its energy trading franchise with a series of senior appointments, a move that expands the bank’s commodities capabilities more than a decade after it largely stepped back from the sector, according to a Bloomberg report cited by Hedgeweek.
The report says Deutsche Bank has hired former Goldman Sachs traders Madhav Janakiraman and Benoit Bosc, along with at least two experienced commodities sales executives from Morgan Stanley. The hires will work under Kow Atta-Mensah, the former Morgan Stanley commodities chief who joined Deutsche Bank earlier this year to lead the expansion of its energy trading operation.
Hedgeweek notes the recruitment marks a change in direction for Deutsche Bank, which substantially dismantled its commodities business in 2013, cutting hundreds of roles and exiting dedicated trading in energy, agriculture, dry bulk, and base metals. The earlier retreat was linked to a wider pullback in bank commodities activity as regulation tightened and increased the capital needed to support trading businesses.
A Deutsche Bank spokesperson told Hedgeweek that demand from corporate clients for energy-related services has increased significantly in recent years, prompting the expansion. The spokesperson said the investment targets financial energy market making and support for corporate clients internationally, and that the bank does not plan to return to the full range of commodity products.
In the broader commodities structure, Hedgeweek adds that energy trading sits within the bank’s rates division, while metals trading is housed in its foreign exchange business. The report also says Deutsche Bank strengthened its metals franchise under Prakash Shah, who joined in 2020, and that it generated more than $100 million in revenue from precious-metals during the first half of 2025.