Deutsche Bank has added a layer of management to coordinate its global interest-rate exposure across over-the-counter derivatives and other fixed income products. Thomas Paul, head of fixed income for the Americas, will relocate to London from New York to be head of the interest rate risk committee. Ted Meyer, a Deutsche Bank spokesman in New York, said the position was created to better coordinate the way the bank takes interest rate risk. He declined to say if any specific market activities led the bank to create the new role, except to say the bank wants to "take advantage of Thomas's skills."
Meyer declined to quantify how the new position will affect Deutsche Bank's risk taking. Paul will report to Wolfgang Matis, global head of fixed income. Paul did not return calls and Matis could not be reached.
