Deutsche Bank is expanding its workforce and moving capital into Latin America.
The move is in contrast to the bank’s policy that saw the withdrawal of its operations from the region since 2015.
The bank has started slashing its headcounts and closing down businesses in some Latin American countries as part of a global overhaul that started in 2015.
However, the group began strengthening its operations in the region recently, with the addition of new staffs in Brazil to look after hedge funds, onshore fixed-income, commodities in addition to currencies and derivatives local trading activities, added Cunha.
In Mexico, Deutsche Bank created a team and set up a branch for its broker-dealer business that it launched again.
Furthermore, the bank added 15 new employees in the last 12 months for its broker-dealer office in Mexico, its Brazil-based bank as well as representative offices in Colombia and Argentina, among others.