Two traders have left Deutsche Bank in London and have found new jobs elsewhere.
Marie Geekie, a former director-level equities sales trader, is understood to have left DB and to be joining Australian bank Macquarie. Jack Pelzig, a former vice president in Deutsche Bank's distressed debt and special situations, has also left Deutsche and is off to Goldman Sachs as an executive director.
Geekie spent six years at Deutsche Bank after joining from Raymond James. Pelzig was there nearly four years after joining from law firm Slaughter & May.
The exits come after complaints about Deutsche Bank's recent bonus round and amidst the bank's pontification about a possible merger with Commerzbank.
Various fixed income traders are understood to have left Deutsche Bank's U.S. business in recent weeks, including Dan Znaty in investment grade sales (who joined Barclays on 27 March), Michael Lattarulo (also in investment grade, who is understood to be joining Credit Suisse), Richard Joyce (the head of investment grade sales), and Nikhil Khosla (a research analyst who is thought to be going to the buy-side).
However, Deutsche has also hired fixed income various traders, including Manav Gupta, Sylvain Lebre and Olivier Gazzolo in London, and Bret Corrigan and Drew Meany in New York.
Last month, Peter Selman, head of Deutsche Bank's global equities business, told staff that the bank is hiring globally in equities this year and that there are several more big hires in the pipeline. Last month Deutsche hired Greg Sutton from Citigroup to head up America's program trading. Eric Bensoussan also joined as a senior equity derivatives hire at DB in London in February.
Deutsche Bank declined to comment.
Have a confidential story, tip, or comment you’d like to share? Contact: firstname.lastname@example.org in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)