Deutsche Bank is on the hunt for the first hybrid credit derivatives trader to sit within its North American Structuring Group, which develops structured interest-rate products for clients. Jon Kinol, managing director and head of OTC trading for North America in New York, said that by building a hybrid structuring expertise within the group, the firm will be able to offer clients structures that benefit from different correlations between the two asset classes.
In addition, Deutsche Bank is continuing to beef up its fixed income options trading presence having made two recent hires to trade short-dated options, Kinol said. Anastasios Katopodis has joined from Merrill Lynch to head the new activity, with Donald Rogosin, a mortgage-backed-securities options trader at Goldman Sachs, has also been hired. Large market swings have encouraged greater client interest in short-dated options and the activity will supplement the firm's long-dated option business, Kinol said. Both hires will report to Peter Antico, managing director and head of option trading in New York.
