Deutsche Bank to Build-up US Equity Energy Research Team
Tuesday January 6, 2:43 pm ET
Paul Sankey and Nick Aldridge to Relocate from Edinburgh to New York
NEW YORK--(BUSINESS WIRE)--Jan. 6, 2004--Deutsche Bank Securities' today announced it is building-up its US equity energy research team by relocating Paul Sankey and Nick Aldridge from its oils team in Edinburgh to New York City during the first quarter of 2004. The analysts will bring coverage of the global large-cap integrated oils to the US and substantially enhance the Bank's US-based coverage of key energy names.
"Paul and Nick's integration into our US research energy team will serve to further boost Deutsche Bank's research product and assist in expanding our franchise in the US," said Tim Andrew, Head of North American Equity Research. "These changes underscore Deutsche Bank's considerable commitment to energy research and the oil sector."
Sankey, with over 13 years of energy industry experience, has been part of Deutsche Bank's global oil and gas team since 2000 and has been responsible for covering the large-cap oils market. Previously, he held positions at Wood Mackenzie and the International Energy Agency.
Since joining the global oil and gas team in 2000, Aldridge has supported the coverage of large-cap oil stocks. He has specialized in oil growth themes and his in-depth knowledge of the international oil industry's developments in Russia's upstream and worldwide deep-water exploration business has been an integral part of the Bank's oil coverage.
Sankey and Aldridge will work closely with Jay Saunders, who will continue to cover the North American mid-cap integrated oils and refiners, as well as his contribution to the team's oil market analysis.
JJ Traynor, co-head of Deutsche Bank's Global Oil & Gas team, will continue to be the lead analyst on US large cap stocks. Caroline Cook, Nick Griffin and JJ Traynor will continue covering the Pan-European oil stocks.
About Deutsche Bank
With roughly EUR 864 billion in assets and approximately 68,500 employees, Deutsche Bank (NYSE:DB - News) offers its 13 million clients unparalleled financial services in 76 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.
Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.
www.deutsche-bank.com
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Contact:
Deutsche Bank
Juanita Gutierrez, 212-250-4592
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