Insider dealing suspect advised Treasury on banks - report

clock

The Deutsche Bank executive arrested on Tuesday over alleged insider dealing advised the Government on financial stability at the height of the financial crisis.

Martyn Dodgson, a managing director in Deutsche's corporate broking division, is understood to have been part of the Deutsche team advised the Treasury and UK Financial Investments last year on capital raising for the Lloyds Banking Group, which allowed the taxpayer-backed lender to pull out of the Asset Protection Scheme, the Times reports. Although Dodgson was only a peripheral member of the advisory team, he would have had access to highly sensitive information about Lloyds' plans to avoid the scheme and its capital-raising plans weeks before the details were announced. An insider ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: SJP partners and employees complete Westerham's charity 'Big Walk'

Feel Good Friday: SJP partners and employees complete Westerham's charity 'Big Walk'

Nearly a hundred people took part in 21.9km trek

Professional Adviser
clock 20 June 2025 • 1 min read
ISA manager enters liquidation

ISA manager enters liquidation

Digital pension and ISA provider ceases trading

Sahar Nazir
clock 19 June 2025 • 2 min read
EV boss warns of adviser exodus impact

EV boss warns of adviser exodus impact

Chet Velani urges industry to embrace technology to safeguard future of advice

Sahar Nazir
clock 19 June 2025 • 2 min read