DB Taps JP Morgan Vet To Head Custody & Clearing

Nov 6 2014 | 9:33am ET

Deutsche Bank has appointed J.P. Morgan vet Elizabeth Nolan as its head of custody and clearing, effective January 2015.

The appointment follows the launch of investor services within the institutional cash and securities services business of its global transaction banking division.

Nolan spent the past 12 years at J.P. Morgan, where she held various senior roles across securities services, most recently heading client services and client onboarding globally for markets and investor services. Prior to re-joining J.P. Morgan, Nolan spent over 20 years, primarily in senior securities services roles at Merrill Lynch, BNP Paribas, J.P. Morgan, Chase Manhattan Bank and Barclays Bank.

Nolan will be based in London, report to Rafael Moral, head of investor services, institutional cash and securities services, and be a member of the investor services senior management forum.

“Having Liz join us is an important part of the success story of our investor services business and demonstrates both our commitment to continuous investment and our ability to attract outstanding talent to join and shape our securities services franchise spanning more than 30 markets,” said Moral in a statement.

“Liz’s deep and broad expertise in the securities services space will not only help us continue to grow our custody and clearing business, but also drive even more collaboration and synergies across the entire Deutsche Bank franchise so that we can deliver ever more integrated solutions to our clients.”

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