Michael Kemp, director and head of global equity derivatives trading at Deutsche Bank in Sydney, has left the firm after more than a decade. Reasons for Kemp's departure could not be determined by press time and he did not return calls to his cell phone.
Pipa Downes, equity derivatives trader in Sydney, has assumed Kemp's responsibilities. Downes, who confirmed the move, joined the firm earlier this year after a year long sabbatical. She was an equity derivatives trader at Morgan Stanley beforehand.