Deutsche Bank Trader Joins Hedge Fund Rose Grove

Jan 22 2008 | 8:06am ET

A top Deutsche Bank trader has left to join a Boston-based hedge fund. Stephen Murphy will join Rose Grove Capital, covering high-grade trading with a focus on European preferred securities and hybrids, Financial News reports.

Murphy, who headed high-grade flow trading from New York for Deutsche Bank, is the first high-profile exit from the investment bank following a round of job cuts last week.

Rose Grove was founded by Jeff Chandler, former head of global debt syndicate at Merrill Lynch, and Mike Pascucci, former head of European credit at Merrill. The firm also features Pascucci’s wife, Hope, a former head of fixed-income at Deutsche Bank


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