Jae Oh and Sunil Iyer, credit default swaps traders at Deutsche Bank in London, have left the firm's credit desk. Stephanie Smart, spokeswoman at Deutsche Bank in London, said Oh and Iyer are still employees at the firm. "They are currently in discussions regarding other opportunities internally," she said. Oh declined comment and Iyer could not be reached.
Oh and Iyer reported to Antonio Di Flumeri, European head of non-emerging market credit derivatives trading in London. The bank has already hired Mark Sibley, credit derivatives trader at JPMorgan, and will hire another trader to replace Oh and Iyer. Sibley started last week.
