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Heraeus Hires Crisp From Deutsche Bank for Precious Metals Sales

Heraeus Holding GmbH hired Kevin Crisp from Deutsche Bank AG as senior vice president of global sales for precious metals.

He joined Nov. 5 and will spend most of the time in Hanau, Germany, where the company is based, Heraeus said in an e-mailed statement today. Crisp, who was previously a director of precious metals at Deutsche Bank in London, will report to Hans-Gunter Ritter and Andre Christl, both managing directors.

Prior to Deutsche Bank, Crisp was deputy general manager at Mitsubishi Corporation International (Europe) Plc, covering precious metals in Europe and the Middle East, Heraeus said. He was chairman of the London Bullion Market Association from 2009 to 2011 and sat on the London Platinum and Palladium Market management committee. He’s also worked at JPMorgan Chase & Co. and Credit Suisse Group AG, according to the statement.

Deutsche Bank declined to comment.

Heraeus has been family owned for more than 160 years, according to its website. Its businesses include trading precious metals, manufacturing products from those materials and production of medical biomaterials.

Gold dropped 23 percent to $1,293.10 an ounce in London since the start of January, set for the first annual decline in 13 years. Silver slumped 29 percent this year, while platinum fell 6.2 percent and palladium gained 7.2 percent.

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