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Greg Lippmann is the son of Susan Lippmann, a business manager at Purchase College, and Thomas J. Lippmann, the retired owner of the DBL Operating Corporation, a real estate investment and management business in New York, both of Scarsdale, New York. [3] He earned a bachelor's degree in economics from the University of Pennsylvania in 1991. [4 ...
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On 30 January 2017, the NYSDFS (New York State Department of Financial Services) fined Deutsche Bank $425 million for violating New York's anti-money laundering laws. There was a "mirror trading" scheme involved. Deutsche Bank's Moscow, London, and New York branches laundered $10 billion out of Russia. [159]
Mitchell started his career in the banking industry in 1978, starting at Bank of America in Chicago before moving to New York to join Merrill Lynch in 1980. In 1995, he was recruited by Deutsche Bank to head its global markets organization in London. Under his leadership, the bank's global trading activities became highly profitable. [5]
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However, in 2015, AWM was split into Deutsche Asset Management and Deutsche Bank Wealth Management. [9] In 2017, Deutsche Asset Management was rebranded to DWS with Deutsche Bank planning to publicly list a minority stake of it. [10] In 2018, DWS was spun off as a separate company through an initial public offering on the Frankfurt Stock ...
[42] [43] [12] [44] Jain led the investment bank plus asset and wealth management, and was the face of Deutsche Bank internationally. [ 42 ] [ 43 ] Jain combined the bank's asset management and wealth management divisions into a single unit, [ 45 ] [ 3 ] and expanded it to be a global competitor closer in size to Deutsche Bank's other major units.
The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]