Deutsche Bank unveils Berlin risk management centre

31st January 2011, Comments 0 comments

The leading German bank, Deutsche Bank, said Monday it was looking for up to 700 people to staff an international risk management centre to be located in Berlin.

A Deutsche Bank statement said it sought "highly qualified collaborators in different disciplines, especially engineers, mathematicians, statisticians and economists."

The centre's task will be to develop risk models and control methods to deal with market, credit and liquidity risks.

"The goal is to have a global approach ... to better distinguish interactions between various factors and thus be able to take decisions more quickly and on a more informed basis," unit director Hugo Banziger was quoted as saying.

Deutsche Bank weathered the global financial crisis relatively well but is rumoured to be heavily exposed to sovereign risk in debt-laden eurozone countries.

© 2011 AFP

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