Deutsche Bank Debt Analyst To Brigade

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.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...

 

From the current issue of