Breaking News
Get 40% Off 0
🔎 See NVDA full ProTips for an instant risks or rewards Claim 40% OFF

Deutsche Bank names Vathany Vijayaratna as UK and Ireland CEO

Published Nov 14, 2023 21:26
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
DBKGn
+1.13%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

LONDON - Deutsche Bank has announced the immediate appointment of Vathany Vijayaratna as the new CEO of its UK and Ireland operations, pending regulatory approval. Vijayaratna, a veteran at the bank since 2002, takes over from Nicola Atkinson, who served as interim CEO and will continue in her role as COO.

Vijayaratna's promotion comes at a significant time for Deutsche Bank, which has recently focused on expanding its reach in the UK corporate sector. This strategic move was highlighted by the bank's acquisition of Numis, a prominent London-based stockbroker and corporate adviser, for approximately £410 million in April. This acquisition is seen as a step to fortify the bank's 150-year legacy in the region.

Despite facing challenges such as an eight percent decline in profit due to lower investment banking revenue, Deutsche Bank's third-quarter earnings still managed to surpass expectations. This performance was bolstered by stronger results from its retail and corporate banking divisions.

In her statement, Vijayaratna expressed her honor at being named CEO and outlined her intention to drive growth within the UK and Ireland region. Her previous roles within the bank have included Global Head of FIC Structuring and, more recently in 2022, head of non-financial risk. Fabrizio Campelli, a board member responsible for the UKI region, praised Vijayaratna for her profound understanding of the bank and her extensive experience working with global clients across various asset classes.

InvestingPro Insights

Deutsche Bank, represented by the ticker DBKGn, has shown some promising trends according to InvestingPro data and tips. The bank has a consistent track record of increasing earnings per share, a strong indication of its financial health and profitability. Further, two analysts have revised their earnings upwards for the upcoming period, suggesting a positive outlook for the bank's financial performance.

InvestingPro data shows Deutsche Bank's market capitalization stands at a substantial 22588.24M USD. The bank's Price to Earnings (P/E) ratio, a key metric used to evaluate a company's relative value and profitability, is at 4.56, indicating the bank is currently undervalued. Additionally, Deutsche Bank's revenue for the last twelve months as of Q3 2023 was an impressive 28722.91M USD.

These insights are just a taste of the comprehensive data and tips available from InvestingPro. For those interested in a deep dive into Deutsche Bank's financials, InvestingPro offers countless additional tips and real-time metrics.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Deutsche Bank names Vathany Vijayaratna as UK and Ireland CEO
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email