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Deutsche Bank AG has enlisted former Federal Reserve Chairman Alan Greenspan to provide economic and financial insights to its investment bank and clients on a range of issues affecting markets.
Greenspan retired last year after nearly two decades at the helm of the Federal Reserve, during which time his name became nearly synonymous with the powerful board.
"Dr Greenspan's position as one of the architects of the modern financial system gives him a unique perspective from which to help our clients make critical risk management decisions," said Josef Ackermann, chairman of Deutsche Bank's management board and its group executive committee.
Greenspan, 81, now runs his own consulting firm, Greenspan Associates.
- REUTERS