Michael Salshutz, a former Institutional Investor-ranked second-team analyst in the chemical industry with Credit Suisse First Boston, has joined Deutsche Bank Securities in the same capacity, according to a senior junk official at Deutsche Bank. Salshutz, who had been with CSFB for several years prior to its recent merger with Donaldson, Lufkin & Jenrette, will report to high-yield research co-heads David Bitterman and Andrew Van Houten and be based in New York.
The senior junk official says chemical credits are an important part of the high-yield universe, and especially so at Deutsche Bank, which has long-standing commercial and investment banking relationships within the sector. In a related development, the official said that senior healthcare junk analyst Pearl Chang left the firm recently to join a biotech company, but did not have the name or the location of the firm.