Louise Purtle resigned last Tuesday from her job as a director and U.S. corporate credit strategist at Deutsche Bank, and will join Creditsights, an independent fixed-income research shop, on March 11. She will report to Glenn Reynolds, ceo, and Peter Petas, head of global strategy. "This adds a seasoned credit pro in corporate strategy who has strong relationships [with potential clients] in Europe, Asia, Australia and of course the U.S.," says Petas. Purtle will focus on corporate bond strategy, while Petas concentrates on convertible bonds and emerging markets research.
Purtle could not be reached for comment on why she left Deutsche Bank. Charlie von Arentschildt, Deutsche Bank's head of global markets for the Americas, has acknowledged that there were morale problems in the firm's corporate bond research group (BW, 2/18). Calls to him were referred to Ted Meyer, a firm spokesman. Meyer would not comment on Purtle's departure, citing firm policy. He says a replacement has not yet been named. David Folkerts-Landau, the firm's London-based global head of markets research, was on vacation late last week and could not be reached.
Purtle had been at Deutsche Bank for nine years after a 10-year stint at Macquarie Bank in Australia. She reported to Reynolds when he was head of global corporate credit research at Deutsche Bank in 1999. Petas is also a Deutsche Bank alum. Before joining Creditsights, he was chief emerging markets strategist at the German bank.