DB Hires Merrill Junk Heavy
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DB Hires Merrill Junk Heavy

Deutsche Bank has hired Chris Johnson for the newly created position of senior leveraged finance originator, according to firm spokesman Ted Meyer. Johnson was formerly chairman of Merrill Lynch's global leveraged finance group, where he had spent 14 years within its high-yield unit. He resigned in early December as Merrill has undergone a sweeping reorganization of its once prominent operation (BW, 12/17). Johnson will be a managing director, although his reporting lines are in the process of being finalized, according to Meyer, who speculates that he will most likely fall under the command of global leveraged and structured finance chief Rich Byrnes. Meyer says his role will be to expand DB's high-yield client roster. He started several days before Christmas. A call to Merrill spokeswoman Jessica Oppenheim was not returned as of press time.

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