Deutsche Bank is growing its fixed-income derivatives marketing team as it expands into the mortgage and agency cash markets. The bank has hired Stephen Rye as an agency derivatives marketer in New York from Morgan Stanley, and plans to announce more hires soon, according to a spokesman. Rye will report to Tim Dowling, co-head of capital markets in the Americas. Dowling handles the derivatives portion of capital markets, the spokesman explained. Dowling referred calls to the spokesman and Rye was unavailable for comment.
A spokeswoman at Morgan Stanley said the firm does not comment on former employees.
