People News: Deutsche Bank, Morgan Stanley, Pimco, Citi

Deutsche Bank - External

Deutsche Bank hired Marc Benton to replace Michael Hafner as head of its European energy investment banking business.

Bloomberg News reports that Benton, who was formerly at Barclays, will start work at Deutsche Bank in August and be based in London, the firm said in an internal memorandum obtained by Bloomberg. He was co-head of natural resources for Asia at Barclays in Hong Kong, working on deals involving state- backed China National Petroleum Corp. and China Petroleum & Chemical Corp., among other companies.

Elsewhere, Morgan Stanley's head of crude oil trading in New York, Tom O'Connor, is said to have resigned last week.

Reuters reports that O'Connor was a managing director who ran the New York crude oil trading desk. He joined Morgan Stanley in 2000 as an associate, trading commodities.

In the meantime, PIMCO has hired Geraldine Sundstrom, formerly of Brevan Howard Capital Management LP, as the world’s biggest bond manager bolsters its ranks after a leadership shakeup earlier this year.

Bloomberg reports that Sundstrom, 39, will join as a managing director and money manager by the first quarter, following a leave from her previous employer, Pimco said yesterday in a statement. She will be based in Pimco’s London office and report to Mihir Worah, one of six deputy chief investment officers named in January.

Finally, Bloomberg also reports that Ben Lynch, who left his job as global head of centralized risk trading at Citigroup in London last month, is joining Moore Capital Management, according to two people familiar with the situation who asked not to be identified because the matter is private.

Deutsche Bank Hires Barclays's Benton For European Energy

Morgan Stanley crude oil head trader resigns

Pimco Hires Ex-Brevan Howard Partner Sundstrom as Money Manager

Former Citigroup Trader Ben Lynch Said to Join Moore



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