Deutsche Bank has hired Gohir Anwar, responsible for derivatives sales to U.K. insurance companies at BNP Paribas in London, and Kevin Corcoran, derivatives sales at Barclays Capital in London, as directors in its relative value group. Both will report to Marzio Keiling, head of the relative value group for northern Europe. Anwar and Corcoran will focus on structured credit product sales to U.K. banks and insurance companies, according to a spokeswoman. She said both of these positions are expansions and reflect Deutsche Bank's strategy to grow its U.K. credit business. She declined further comment. Anwar directed calls to press officers and Corcoran, who has not started yet, could not be reached.
An official at BNP Paribas in London said the bank is recruiting externally to replace Anwar. He added he expects the replacement to be on board by the fall, declining further comment. Officials at Barclays Capital declined comment and spokespersons did not return calls.
