Deutsche Bank hired Tim McDevvitt and Rich Willard to be investment-grade traders on their New York corporate bond desk. The two resigned last Friday morning from Merrill Lynch, according to a person close to the situation. They will report to Stephen Murphy, head of U.S. corporate bond trading, says Ted Meyer, a firm spokesman. Meyer says he is uncertain as to what sectors they will be responsible for. A call to Merrill Lynch to determine possible replacements was not returned.
Deutsche Bank Lifts Two Hi-Grade Traders From Merrill