Deutsche Bank has hired Gavin Colquhoun fromMerrill Lynch to trade crossover credits. At Merrill, Colquhoun's duties will be assumed by Pat Collins, who will trade distressed names, and Billy McManus, who just relocated from New York, will trade the dollar crossover book and names with euro components, according to a high level Merrill official. Merrill is now in the market to hire a new high-yield trader, adds the official. It could not be learned to whom Colquhoun will report. Calls to a Deutsche Bank spokeswoman were not returned by press time.
Deutsche Bank Hires Euro HY Trader From Merrill