Two credit traders have left Lehman Brothers in London. Vassilis Paschopoulos, who traded technology, media and telecommunications derivatives, has joined Deutsche Bank as a market-making cash and synthetic swaps trader. He will report to Antonio di Flumeri, head of European non-emerging market credit derivatives trading. Stephanie Smart, spokeswoman for Deutsche Bank, confirmed that Paschopoulos will be starting in mid-May. The other trader, Jordi Orriols-Gil, is expected to join Morgan Stanley, according to a headhunter. Lindsey Harrison, spokeswoman for Morgan Stanley, could not confirm the hire by press time.
At Lehman, they both reported to Tarun Jotwani, Lehman's co-head of fixed income, who oversees credit trading.