Deutsche Bank has hired Richard Newman as a senior risk manager for global prime finance within the bank’s global markets division.

Newman will be based in London and will join on 4 May 2010.

He will be responsible for providing risk management solutions to international hedge fund clients focused on European markets.

Newman will report to Kam Singh, European head of prime finance risk, and Matthew Bowen, managing director within prime finance risk.

Newman was previously head of European prime brokerage risk management at JP Morgan where he was responsible for the determination of margin and risk policy for European hedge fund clients.

“This appointment shows the commitment of the Deutsche Bank prime finance business to remain at the vanguard of industry development,” says Anthony Byrne, European co-head of prime finance. “We are confident that Richard’s expertise and extensive experience will be a great addition to our product offering in prime finance.”