Deutsche Bank names head of platform sales in Australia

Deutsche Bank has reaffirmed its commitment to being a long-term partner to Australian clients with a new appointment.

Steve Hair will join the group as head of platform sales for the institutional client group (ICG) in Australia.

Prior to joining Deutsche Bank, Hair was with Citi for more than seven years where he held a number of roles, most recently as APAC head of futures relationship management, OTC clearing and FX prime brokerage.

Prior to that, he spent close to 15 years with Credit Suisse leading its client solutions business for futures and OTC clearing.

Deutsche Bank said in his new role, Hair will build on the listed derivatives execution franchise, expand clearing sales across futures and OTC markets, as well as prime brokerage in FX and rates.

Deutsche Bank said clearing is a critical part of financial market infrastructure, enabling the secure settlement of derivatives transactions and supporting clients in managing counterparty risk.

Hair will be based in Sydney and report to head of leveraged distribution sales and execution APAC Andrew Walker, and head of platform sales APAC Praveen Vijay.

"Deutsche Bank is well positioned to address our evolving client needs in clearing," Deutsche Bank head of ICG, Australia Matthew Yencken said.

"Steve's appointment reflects the bank's ongoing investment in out Australian platform and institutional client coverage."

The new hire follows announcements on the bank's FX-as-a-service platform, HausFX, which provides automated solutions to the asset management industry.