Deutsche Bank Ag co-Chief Executive Officer, speaking at the BAML Bank CEO Conference in London said, we currently anticipate debt sales and trading revenues in the third quarter to decline significantly from last year. Conversely, the equity sales and trading business continued to perform well. While discussing new regulations and the need to increase capital, he stated the desire to reduce the size of the bank's balance sheet by a further EUR250 billion. Shares in Deutsche Bank have underperformed the rally in European banking stocks this year.
Orlando joined Hermes Fund Managers in 2010, and is responsible for structured credit solutions.