Deutsche Bank AG appointed Daniel Ghali to lead its metals research unit, marking a modest return to a segment the lender largely abandoned ten years ago. Ghali arrives from Toronto Dominion Bank, where he built a reputation for incisive analysis of precious and base metals. Based in London, he will report to global FX research chief George Saravelos and to renew its analytical depth.

The hire signals Deutsche Bank’s intent to re‑establish a foothold in commodities coverage as investors seek deeper insight into price volatility and supply‑chain disruptions. Ghali’s track record at TD Bank, including forward‑looking forecasts that attracted hedge‑fund attention, should enhance the bank’s client offering and potentially boost fee‑based revenue from the metals sector and reinforce its market positioning.

With Ghali now steering research, Deutsche Bank hopes to differentiate its commodity analysis from rivals such as Goldman Sachs and JPMorgan. A stronger metals franchise could attract institutional clients needing granular data on copper, nickel and gold, commodities that have seen heightened demand from renewable‑energy projects. The move adds a clear revenue lever to the bank’s broader turnaround plan and support its profit‑margin targets.