Finance
Deutsche Bank high-yield trading chief Nessel leaves the bank
REUTERS/Kai Pfaffenbach
-
James Nessel, Deutsche Bank’s co-head of high yield
trading, is leaving the German lender. -
Nessel joined Deutsche two years ago from
Citigroup. -
It’s the latest in a series of trader departures from
Deutsche Bank.
James Nessel, hired as Deutsche Bank’s co-head of high-yield
trading two years ago, is leaving the bank, according to people
with knowledge of the matter.
Nessel resigned from the bank on Tuesday, the people said.
A Deutsche Bank spokesman declined to comment and Nessel could
not be immediately reached for comment.
Nessel, who joined Deutsche from Citigroup in 2016, marks the
latest trader to leave the German lender, as CEO
Christian Sewing looks to reduce the firm’s reliance on
fixed-income trading. In the second quarter, the bank reported a
17% decline in bond trading,
compared to gains from US banks.
-
Entertainment6 days ago
Hands-on with the Claude AI app: It’s pleasant to use, but janky
-
Business6 days ago
Haun Ventures is riding the bitcoin high
-
Entertainment5 days ago
Apple Watch Series 9 vs. SE: A smartwatch skeptic tested both for 13 days
-
Entertainment6 days ago
5 essential gadgets for turning your home into a self-care sanctuary
-
Business4 days ago
Google lays off workers, Tesla cans its Supercharger team and UnitedHealthcare reveals security lapses
-
Entertainment4 days ago
The greatest films on Prime Video right now
-
Business5 days ago
Google dubs Epic’s demands from its antitrust win ‘unnecessary’ and ‘far beyond the scope’ of the verdict
-
Business5 days ago
Apple: pay attention to emerging markets, not falling China sales