Deutsche Bank Beefs Up Prime Finance Unit

Jun 27 2007 | 2:36pm ET

Deutsche Bank Securities has added five senior bankers to its Global Prime Finance unit, which includes its prime brokerage business. All of the new hires will be based in New York.

“With a superior integrated platform and a well-established global presence, Deutsche Bank is uniquely positioned to be a dominant provider of services to hedge fund clients,” said Barry Bausano, co-head of Global Prime Finance.

Anthony Demonte has joined as a director in securities lending, reporting to Paul Busby and Keith Babbitt, co-heads of securities lending in North America. Demonte joined from Lehman Brothers, where he worked for nine years in the capital markets prime services group, most recently as a senior vice president.
Tom Filipovits will join as a director in the client management group, reporting to Timothy Lennon, head of client management in the United States. Filipovits will join from Morgan Stanley, where he has worked for a year in their client solutions group. Prior to joining Morgan Stanley, Filipovits worked for six years at Goldman Sachs as a product development manager.

Keith Weintraub will join as a director in risk management, reporting to Satish Ramakrishna, global head of risk for Global Prime Finance. Weintraub will join from Citigroup, where he was a director and head of development for the securitization group. Prior to working at Citigroup, Weintraub was a quantitative risk manager at Archeus Capital Management and previously spent 17 years at Citigroup in various roles within risk and analytics.

EJ Liotta will join as a director in the product development group, reporting to Mike Ginelli, global head of product development. Liotta will join from Merrill Lynch where he has worked for a year as a director responsible for prime brokerage technology. Prior to joining Merrill Lynch, Liotta worked at Barclays Capital for five years in the equity finance and prime brokerage group.
John Dewey will join as a director in product management, reporting to Jeff Dorman, head of Global Prime Finance, North America and Chris East, director. Dewey will join from Lehman Brothers where he has worked for the past six years in the capital markets prime services group.

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