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According to the Wall Street Journal [subscription required], former Fed chairman Alan Greenspan has been retained as a senior advisor to Deutsche Bank's (NYSE: DB) corporate and investment banking unit. According to the piece, Mr. Greenspan received the consulting job through the U.S. Economist for Deutsche Bank, Peter Hooper, who once served as a staffer to Mr. Greenspan. Greenspan will be serving Deutsche's clients, analysts, and traders. However, he won't be serving the company's money management team because of his relationship with money manager Pimco.Although Greenspan's influence on the company's operations remains to be seen, Mr. Greenspan is certainly a nice resource to be able to call upon in times of doubt or uncertainty, especially as it relates to Fed policymaking decisions. It's always nice to have someone who's been through it to help make decisions and interpret news.
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