Deutsche Bank announced that it has retained Alan Greenspan, former chairman of the Federal Reserve Board, as a senior advisor.

Greenspan is being brought onboard to provide ongoing advice and insight to Deutsche Bank’s investment banking team and its clients by sharing his perspective and opinions on a range of issues affecting markets, the firm said.

Josef Ackermann, chairman of the management board and the group executive committee, said, “We at Deutsche Bank are delighted to be able to offer our investment banking clients access to Alan Greenspan’s strategic insight. 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.”

Greenspan said, “Deutsche Bank has a world-leading investment banking franchise and is a major player in wholesale financial markets. I look forward to adding my perspectives on the world economy to its own and to helping the bank advise its clients.”