Deutsche Bank hires three previous Wall Street traders

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Deutsche Bank AG has hired three previous Wall Street traders in its US interest-rates division, Bloomberg reports.

Joe Leary joined Deutsche bank on Tuesday as director in the Treasury long-end, and brings with him over six years of experience in the financial sector. Leary previously held the position as a long bond and strip trader at Citigroup Inc., since 2011 and will report to Dan Orlando, head of linear rates trading at Deutsche Bank.

The bank’s second hire is Olivier Pariente, who is expected to join early next month as managing director and a member of the swaps team. Pariente, who led US interest rates swaps trading at Morgan Stanley before joining the New York office of BlueCrest Capital Management last year, will also report to Orlando. Pariente left BlueCrest in February this year and is one of four money managers to leave the $15bn hedge fund firm this year, after the firm reportedly faced a number of significant losses.

According to a memo released Tuesday by the bank, Micheal Dalton is the third new hire and will start in mid-June as director and head of exotic options. Dalton previously held the position as an exotics trader at Deutsche Bank and head of US dollar exotic and structured products at Barclays Capital. Dalton will report to Adam Eames, head of US options trading.

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