Deutsche Bank Securities today announced that Keith Babbitt has joined as a Managing Director and Co-Head of Securities Lending, Global Prime Finance, North America, within the bank’s Global Markets division. Babbitt joins Deutsche Bank after 23 years at Merrill Lynch, where he was most recently Head of North American Securities Lending for 15 years.
Babbitt will work closely with Paul Busby, who has been promoted to Managing Director and Co-Head of Securities Lending, within Global Prime Finance, North America. Busby has led securities lending in North America for the past three years and has been instrumental in the progress the group has made in enhancing it's offerings to hedge fund clients through its Global Prime Finance business.
Both Busby and Babbitt are based in New York and report to Anthony Byrne, Head of Securities Lending, and Mark Haas, Head of Global Prime Finance, North America.
"We are excited to add Keith to our rapidly growing business and are extremely confident that the leadership and client commitment he has shown throughout his extensive career will be a great addition to Paul and the existing team," said Byrne.
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