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Deutsche Bank's Letica Walks, Reportedly To HSBC

26 May 2005

Nicholas Letica, managing director in mortgage-backed securities trading at Deutsche Bank in New York, has left the firm.

Nicholas Letica, managing director in mortgage-backed securities trading at Deutsche Bank in New York, has left the firm. He is reportedly headed to take a senior role in MBS trading at HSBC, according to several Wall Street MBS professionals.

At Deutsche Bank, Letica was responsible for the agency collateralized mortgage obligation platform and it is expected he will take on a similar role at HSBC, which has been building up its MBS presence for the last year.

Letica, Todd White, head of MBS at HSBC and Rich D'Albert, head of securitized products at Deutsche Bank, did not return calls.

26 May 2005