Deutsche Bank Names Jeffrey Chang as Co-Head of US High Yield Credit Trading

Deutsche Bank today announced that it has hired Jeffrey Chang as Co-Head of US High Yield Credit Trading, as well as Vivek Raman, Doug Davies, Christopher Richez, Andrea Perla, Alex Diss and Premal Shah in Global Markets Americas, Debt.

Jeffrey Chang will join as Co-Head of US High Yield Credit Trading alongside James Nessel who joined the bank in August 2016. Chang has 12 years of trading experience and was most recently Executive Director and Head of High Yield Trading and Research at UBS. Prior to UBS, he covered corporate credit trading as Executive Director at Morgan Stanley. Chang received both his BA in Computer Science and MS in Management Science and Engineering from Stanford University. He will be based in New York and report to Shawn Faurot, Head of Credit Trading, North America.

“Jeffrey’s experience and deep understanding of the market will be an asset to our credit trading team, and will further strengthen our broader debt franchise,” said Shawn Faurot, Head of Credit Trading, North America.

In addition, Vivek Raman also joins from UBS as a Vice President in US high yield credit trading reporting to Chang and Nessel in New York. He was most recently at UBS on the high yield and distressed credit trading team. Prior to UBS he spent a decade at Morgan Stanley in a similar role. Raman received his BA in Economics from Yale University.

Doug Davies has joined as a Director in US high yield sales. Davies was most recently an Executive Director at Morgan Stanley in high yield and distressed sales. Davies received his BA in History at the University of Virginia. Davies is based in New York and reports to Faris Naber, Head of Credit Sales, North America.

Alex Diss has joined as a Vice President in US high yield sales. Diss was most recently a Senior Vice President at RW Baird in high yield sales. Diss received his BA in Economics and Business from Lafayette College. He is based in New York and reports to Faris Naber, Head of Credit Sales, North America.

Christopher Richez will join as a Director in investment grade financial trading. Richez was most recently Executive Director at Crédit Agricole on the investment grade credit trading team. Richez received his BA in Business Administration from the University of Notre Dame. Richez will be based in New York and report to James Kenny, Head of Investment Grade Credit and Index Trading.

Andrea Perla will join as a Vice President in US investment grade credit sales. Perla was most recently at Citigroup where she spent 10 years on the investment grade credit sales team. Perla received her BS in Business Administration at the State University of New York at Fredonia. She will be based in Boston and report to Rich Joyce, Head of Investment Grade Credit Sales.

Premal Shah, Ph.D., has joined as a Director in the Americas Debt Strats team. Shah was most recently Director at Barclays where he was responsible for credit modeling and quantitative analytics. Shah received his BA in Technology and Electrical Engineering at the Indian Institute of Technology and his Ph.D. in Operations Research at the Massachusetts Institute of Technology. He is based in New York and reports to Bruce Langham, Head of Americas Debt Strats.

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 11 March 2016 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

Contacts:

Deutsche Bank
Press and Media Relations
Tracy McNamara, +1 212-250-0940
tracy.mcnamara@db.com

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