Deutsche Bank Hires Former Lehman Credit Trader

May 8 2009 | 11:55am ET

Deutsche Bank is ramping up its Global Markets division with the addition of Timothy Fischer as a managing director in global credit trading.

Fischer will be based in New York and trade high yield bonds and credit derivatives. He will report to Nick Pappas and Ray Costa, co-heads of investment grade, high yield and distressed debt trading for the U.S.

Fischer joins the bank from Barclays PLC, which acquired Lehman Brothers' North American investment banking, sales and trading divisions in September. At Lehman Brothers, Fischer was co-head of high yield trading for North America. Prior to that, he traded high yield debt at CIBC and Scotia Capital.
"Tim's hire reiterates our commitment to providing world-class flow trading capabilities in credit. He is considered one of the top-ranked high yield traders on the Street and we look forward to working with him," said Pappas.

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