Deutsche Bank Loses Co-Head Of HF Financing

Nov 14 2013 | 12:36pm ET

Deutsche Bank's co-head of hedge fund financing is leaving the firm.

Jon Hitchon, who has been with the investment bank for 15 years, is leaving his post as co-head of global prime finance, a DB spokesperson confirmed for Bloomberg.

Hitchon will be replaced by Murray Roos, who has held a number of senior equities roles at the bank.

A memo to employees Wednesday said Hitchon was leaving to “pursue other career opportunities,” reported the New York Post, quoting an unnamed source who described the departure as “an amicable split.”

Hitchon, along with co-head Barry Bausano, is credited with building DB's global prime brokerage business.

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