May 17, 2010

Deutsche Bank strengthens Global Credit Sales and Trading

Deutsche Bank today announced five senior hires in the Global Credit Trading and Institutional Client Groups within the Global Markets division:

Jared Dolce will join as a Director in High Grade Credit Sales. He will be based in the Bank’s Chicago office and report to Casey Talbot, who will join as Managing Director and Head of High Grade Credit Sales and Co-Head of Credit Sales. Dolce will join from Citi, where he was most recently head of Midwest credit sales.  

Jason Locke will join as a Director and Head of US Credit Trading in Asia Pacific. He will be based in Singapore and report to Masaya Okoshi, Managing Director and Head of Investment Grade Credit Trading in the Americas. Locke will join from HSBC in Hong Kong, where he was head of US and European credit trading for the Asia Pacific region.

Mark Mulcahy will join as a Director in Non-Investment Grade Sales. He will be based in New York and report to Faris Naber, Head of Non-Investment Grade Sales and Co-Head of Credit Sales. Mulcahy will join from GFI Group, where he was a managing director in high-yield and distressed sales.

Nick Blewitt will join as a Director in Investment Grade Trading in New York, and will report to Okoshi. Blewitt will join from UBS, where he was most recently an executive director in corporate bond and credit derivatives trading.

John Raveche will join as a Director in Investment Grade Credit Sales and will report to Talbot. He will join from Barclays Capital, where he was an associate director in credit sales. Prior to Barclays, he was a vice president in credit sales at Nomura Securities International.

"As we continue to enhance our industry leading global credit trading platform, we welcome these individuals with confidence that they will meet the high standards of our team and our clients. In addition to the growth of our team, we are pleased to begin offering clients 24 hour trading of US Corporates through our expanded franchise," said Nick Pappas, Managing Director and Co-Head of Flow Credit Trading in North America with Ray Costa.

For further information, please call:

Deutsche Bank AG                                

Renee Calabro                                
Phone: + 1 (212) 250-5525

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,849 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.