Deutsche Combines HY Bond and Loan Teams
June 30, 2009
Deutsche Bank has integrated its high yield loan and bond sales, trading and research effort and appointed Rich Byrne to lead the new noninvestment grade debt team, according to an internal memo obtained by leveragedfinancenews.com.
Byrne will remain the bank’s co-head of global capital markets and work closely with Rich Herman of the institutional client group; Colin Fan of global credit trading; David Folkerts-Landau of research; and Fred Brettschneider of global markets Americas.
The firm expects the move to create seamless trading execution, a coordinated sales effort and, to the extent possible given the importance placed on its independence, integrated credit research, the memo said.
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