Deutsche Bank Distressed Trader To Launch Hedge Fund

Jan 31 2012 | 1:12pm ET

The head of U.S. distressed-debt trading at Deutsche Bank is planning a hedge fund.

C.J. Lanktree left the German bank last week with another director on his desk, Scott Martin. The two will launch a distressed-debt hedge fund, The Wall Street Journal reports.

Money seems to be the issue: Lanktree was reportedly unhappy with his compensation at Deutsche Bank. He took over the bank's distressed-debt desk during the financial crisis.

Deutsche Bank has named Chad Valerio and Matt Siravo to take over for Lanktree and Martin.

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