Deutsche Bank Expands High-Yield Sales, Trading and Strategy Team

(Bloomberg) -- Deutsche Bank AG has appointed Vishal J. Bhayani to run its newly formed European high-yield sales, trading and desk strategy team as part of the bank’s push into European credit markets.

Raja Visweswaran, managing director, and former Citigroup desk strategist Luis De Diego Yenes will join the strategy unit, according to a statement. Other hires include Guang Ji for trading and Alexander Groh and Vani Malik for desk strategy.

Sebastian Pearce, formerly co-head of high-yield trading at JPMorgan Chase & Co., will head the trading unit, Bloomberg reported earlier this year. The German lender has expanded its credit business as it seeks to capitalize on a global trading boom that’s fueled soaring revenue in its securities unit.

“The firm continues to expand its credit-product footprint across New York and London with senior hires in investment-grade, high-yield, derivatives and algo trading with the aim to become a top tier liquidity provider in secondary flow trading,” Manav Gupta, the bank’s head of European high-yield and investment-grade credit, said in the statement.

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