Deutsche Bank expands into Peru

by Richard Kilner

Story link: Deutsche Bank expands into Peru

Deutsche Bank has launched its first Peruvian subsidiary, Deutsche Bank (Peru) S.A.

Jose Miguel Alcalde, chief country officer for Chile and Peru will manage the office, which is based in the capital city of Lima.

Deutsche Bank is now permitted to enter the government bond derivatives markets, foreign exchange and can raise cash by selling deposit certificates, having acquired a banking licence from the Superintendent of Banks, Insurance and Pension Funds last month.

Eduardo Sanchez-Carrion has been named as Peru’s head of global market sales and will lead operations in Lima.

Sanchez-Carrion joined the firm 8 years ago as head of global markets for Chile, and was named as chief country officer 2 years ago.

Gino Monteferri has been appointed as director and head of global markets trading for Peru.

He joins from Scotiabank Peru, leaving behind his post as head of foreign exchange and fixed income trading.

Sanchez-Carrion and Monteferri will both be responsible to Alcalde, with Sanchez-Carrion also reporting to joint heads of Latin America capital markets Marcelo Blanco and David Hinsley.

Monteferri will also report to Christian Binaghi, MD and head of Latin American trading.