Deutsche Bank has hired Rachel Bobillier, a credit derivatives saleswoman to alternative funds at JPMorgan, in a similar role. Wadih Canann, the only other credit derivatives salesperson to hedge funds, said the firm has hired her to meet increasing demand.
"The default swap business has exploded over the last year and you cannot have just one person, so we're adding a resource as the business becomes bigger and bigger," said Canann, declining to quantify the growth. He and Bobillier both report to Wayne Grigull, head of hedge fund sales in London, who was travelling and unavailable for comment. Bobillier, who starts this month at Deutsche Bank, could not be reached.
At JPMorgan Bobillier reported to John Mahon, head of convertible and asset swaps sales in London. He confirmed her departure but declined further comment.
