Wednesday, 30 July 2014
Last updated 13 hours ago
Aug 17 2012 | 12:30pm ET
Brigade Capital Management has hired a distressed-debt analyst from Deutsche Bank, the latest member of the bank's credit team to leave for a hedge fund.
Scott Hoffman started at Brigade this month after leaving Deutsche Bank last month, Bloomberg News reports. Hoffman spent three years at Deutsche Bank after stints at Citadel Investment Group and Credit Suisse First Boston.
Deutsche Bank has lost at least 10 credit traders since the beginning of last year, after it capped bonuses at €100,000. Last month, the bank said it would further reduce risk-weighted assets.
Hoffman's departure coincided with those of Americas flow-credit trading head Antoine Cornut and credit Analyst Tom Higbie. Cornut went to an unidentified hedge fund and Higbie went to Solus Alternative Asset Management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…