Deutsche Bank in New York hired Mark DeSplinter as head of US index and single-name credit default swap (CDS) trading, Finance Magnates has learned.
According to sources, DeSplinter, who took on his new role in New York earlier this week, reports to the head of US investment grade credit trading, Steve Feinberg.
DeSplinter previously worked at Citigroup where he served as a managing director and head of US macro credit index trading.
He had joined Citi in 2005.
“Mark brings a wealth of experience in the credit derivatives space and a successful track record of providing liquidity to clients in credit index, index options and single-name CDS,” Feinberg reportedly said in an emailed statement seen by Reuters.
Series of hires
DeSplinter is the latest in a series of hires Deutsche Bank has made for its credit platform. Vidur Goel was hired from Morgan Stanley to work on the bank’s efforts in algorithmic and portfolio trading, sources said.
Goel was a Credit trader at Morgan Stanley and an analyst at Credit Suisse earlier in his career.
Akash Waghela will join as a quant on the algorithmic trading team. Both will be based in London.
Igor Pavlov moved to the bank from Centiva Capital in May to trade fixed-income exchange-traded funds in New York.
“We are excited to add Mark, Vidur, Akash and Igor to the team as we strengthen our capability to offer a full-service credit flow platform to our clients globally,” Manav Gupta, head of European and US investment grade trading, said in an another emailed statement.