Deutsche Bank Prop. Derivatives Trader To Hedge Fund Alphabet

Jul 15 2010 | 11:06am ET

For the second time this week, Deutsche Bank has lost a top proprietary trader to the hedge fund world.

Nelson Saiers has joined New York-based Alphabet Management, Bloomberg News reports. Saiers will head a volatility derivatives trading group at the $170 million firm.

At Deutsche Bank, Saiers served as a managing director for proprietary derivatives trading. But Germany’s largest bank is winding down its prop. trading operations, which led both Saiers and Pablo Calderini, its head of proprietary stock trading, to seek opportunities in the alternative investments industry.

Saiers has worked for Deutsche Bank for three years.  He previously spent time at UBS and Susquehanna International Group.

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