Deutsche Bank Adds Digital Expert Samar Sen from BNP Paribas

Deutsche Bank AG introduced this Thursday that it has managed to recruit Samar Sen, a digital knowledgeable, as its Global Head of Digital Products, Securities Services. In his new position, Sen will assist drive the German financial institution’s digital technique for its securities companies enterprise.

Samar Sen of Deutsche BankSamar Sen
Source: LinkedIn

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According to Sen’s LinkedIn profile, he commenced his position on the multinational agency in February of this yr. He joins Deutsche from BNP Paribas SA, the place he was most just lately a director.

As the Global Head of Digital Products for Deutsche’s Securities Services unit, he’ll deal with digital technique. In specific, he might be utilizing synthetic intelligence (AI) and distributed ledger know-how, a report from Reuters states.

Sen initially joined BNP Paribas in August of 2014 as a Director of Business growth. In this position, he helped to scale and construct the asset administration enterprise of the agency, in addition to led a pan-Asia technique and execution workforce, together with different duties.

In April of 2016, he was additionally named because the Head of Product, AI Virtual Advisor, a task he held concurrently with that of Director, Business Development.

As a part of his newer position, Sen utilized AI know-how to reinforce the wealth administration enterprise of BNP Paribas. He led an agile workforce of engineers, designers and progress hackers, his LinkedIn profile states.

Samar Sen Joins Deutsche Bank During a Difficult Time

Sen is becoming a member of Deutsche Bank at a precarious time. The German agency is at the moment the topic of a money-laundering investigation and solely just lately, had its places of work raided.

Adding insult to harm, Deutsche Bank is being sued by Hamburg-based financial institution M.M. Warburg & Co. The agency is searching for €46 million ($52.04 million) which Deutsche was ordered to pay in capital features tax.

The lawsuit, which was filed in December final yr in a Frankfurt regional court docket, accuses Deutsche Bank of failing to withhold taxes of €46 million for a collection of share trades. These allegedly befell in 2010 and 2011 as a part of Deutsche’s position as a custodian financial institution.

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David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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