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Deutsche Bank Taps JPMorgan's Pearce for European High-Yield


Deutsche Bank Taps JPMorgan’s Pearce for European High-Yield
Bloomberg
1 hr ago
William Shaw and Steven Arons
(Bloomberg) Deutsche Bank AG has hired JPMorgan Chase & Co. veteran Sebastian Pearce as head of European high-yield trading, as it boosts staffing in that unit amid a boom in activity.
Pearce will join Deutsche Bank in June, two months after Luis De Diego Yenes arrives as a strategist on the same desk from Citigroup Inc., a person familiar with the matter said.
The German lender has been beefing up its credit business as it seeks to benefit from a global trading boom that has led to soaring revenue in its securities unit. The lender’s new investment banking head, Fabrizio Campelli, recently said that revenue has surged 20% year to date in the division, highlighting credit trading as one area of particular strength. ....

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