Elizabeth Nolan was named head of custody and clearing at Deutsche Bank's institutional cash and securities services unit, the bank's European custody business.
The position is new; she will be taking on responsibilities that had been handled by Rafael Moral, head of investor services, institutional cash and securities services spokesman Gael Gunubu said. Ms. Nolan will start in January and report to Mr. Moral.
Deutsche Bank in July announced it was creating the institutional cash and securities services business.
Ms. Nolan was global head of client services and client onboarding at J.P. Morgan's custody and asset servicing business. Information on her replacement at J.P. Morgan could not be learned by press time.
Deutsche Bank has €1.7 trillion ($2.11 trillion) in assets under custody for European institutional investors.
