Deutsche Bank has hired Chip Stevens, v.p. and credit default-swaps trader at Merrill Lynch in London, in New York as a director and senior credit-default swaps trader. He will report to Boaz Weinstein, managing director and head of North American credit derivatives trading, according to a spokesman. Stevens replaces Joe McHugh, credit derivatives flow trader who left Deutsche Bank in May to join Credit Suisse First Boston in New York in a similar role (DW, 5/27). Stevens will start in mid August, the spokesman said. Weinstein referred calls to the spokesman. Stevens had already left Merrill and could not be reached for comment.
Dale Lattanzio, managing director and head of the global principal investment and secured financing group, said Stevens left Merrill Lynch of his own accord (DW, 7/15). Lattanzio added that he would be replaced, although it had not been determined whether the hire would be internal or external.
