Deutsche Bank has hired a pair of credit derivatives traders in new positions in Tokyo and London. Attilio Pietranera, exotic credit derivatives trader at JPMorgan in London, has joined in a similar position, and Kwee-Tee Lim, exotic credit derivatives trader at UBS Warburg in London, has been hired as a correlation trader in Tokyo. Pietranera will report to Mark Stainton in London, Stainton said. Lim will also report to Stainton, but will report locally to Kazue Takagaki, senior correlation trader in Tokyo, and Aaron MacDougall, head of credit trading in Tokyo. Pietranera started in the past few weeks and Lim will join mid-April. Pietranera declined comment and Lim could not be reached. Takagaki referred calls to MacDougall. MacDougall confirmed the move, but declined further comment.
Deutsche Bank is adding to its exotic credit trading division because it is seeing more customer demand for these products and has more business to handle.
At JPMorgan, Pietranera reported to Jonathan Slater, head of credit hybrid trading. Slater said he has replaced Pietranera with Roger Wilcock, exotic credit derivatives trader. Wilcock did not return calls at press time. At UBS Warburg, Lim reported to Richard Whittle, co-head of credit derivatives trading in Europe. Whittle declined comment.
