BlueCrest Capital Management, pledged to build an "investment-bank quality" trading team, has added a former Deutsche Bank rates trader.
William Yearick will join the US$35 billion hedge fund, Bloomberg News reports. Yearick was an interest-rate options trader at Deutsche Bank until his exit last month.
Yearick is the third Deutsche Bank veteran to join BlueCrest this year, after mortgage-debt trader John Roach and distressed-debt analyst Matt Siravo.
Prior to joining Deutsche Bank in 2008, Yearick worked at Goldman Sachs.