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Arce, a 16-year veteran of Deutsche Bank, most recently served as Head of Northern Latin America for the bank’s Private Wealth Management business. Arce will replace Juan Guthmann, Chief Operating Officer for Latin America who also served as interim Chief Country Officer for Deutsche Bank Mexico.
“Jorge has a unique understanding of clients’ needs and has been instrumental in developing strong client relationships in Mexico,” said Parnes. “Mexico remains a key growth area for Deutsche Bank in the Americas and is a cornerstone of our strategy in Latin America. I am confident that the momentum we have developed in Mexico over the past several years will continue under Jorge’s leadership.”
Jorge will replace Juan Guthmann, Chief Operating Officer for Latin America who also served as interim Chief Country Officer for Deutsche Bank Mexico. “Mexico remains a key growth area for Deutsche Bank in the Americas and is a cornerstone of our strategy in Latin America. I am confident that the momentum we have developed in Mexico over the past several years will continue under Jorge’s leadership.”
Bernardo Parnes
“Having experienced firsthand the development of the Bank’s franchise in Mexico over the past several years, I am honored and excited to be taking on this role,” said Arce. “I look forward to working with my colleagues to further strengthen the Deutsche Bank platform and maintain the excellent level of service that we deliver to our clients in Mexico.”
Deutsche Bank has been active in Mexico for more than 50 years, having first established itself in 1957. In 1995, Deutsche Bank obtained its license to operate a Casa de Bolsa (Broker Dealer). In 2000, Deutsche Bank obtained a local banking license and Deutsche Bank Mexico, S.A. – Institucion de Banca Multiple began operations.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
Securities and investment banking activities in the United States are performed by Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, and its broker-dealer affiliates. Lending and other commercial banking activities in the United States are performed by Deutsche Bank AG, and its banking affiliates. Neither Deutsche Bank AG nor any of its banking affiliates is responsible for the obligations of Deutsche Bank Securities Inc. or any other U.S. broker-dealer affiliates. © 2011 Deutsche Bank AG.
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John Gallagher, +1 (212) 250-4516
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