Wednesday, 24 August 2016
Last updated 11 min ago
Apr 21 2010 | 2:20am ET
Greg Lippmann, head of asset-backed securities trading at Deutsche Bank, is to join a hedge fund being set up by another of the German bank’s outgoing executives.
Fred Brettschneider, head of global markets in the Americas, is launching the firm that Lippmann will work at. For the time being, he remains employed at Deutsche Bank to assist with the transition.
Deutsche Bank said he would be succeeded by Pius Sprenger, who currently heads ABS and collateralized debt obligation trading in Europe.
Lippmann’s bets against the subprime mortgage market helped Deutsche Bank weather the financial crisis of the last several years.