David Charles, head of risk management at Gen Re Securities in Tokyo, has joined Deutsche Bank's group market risk management team in London. A Deutsche Bank official in London said there is ongoing movement in and out of the group, declining to specify whether this is a new position. The group is responsible for managing all market risk across the bank's activities, of which the largest component is trading, the official added. Charles could not be reached for comment. The group is headed by Richard Evans, chief risk officer. Evans was traveling last week and could not be reached.
Gen Re announced earlier this year it plans to close.
