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Deutsche Bank is hiring Ed Reardon from JPMorgan to head U.S. commercial-mortgage bond research, according to a person with knowledge of the move.

Bloomberg News reports that Reardon, who is leaving a similar position at JPMorgan, will be a managing director based in New York, said the person, who asked not to be identified because the move hasn’t been announced.

Reardon will report to Anthony Klarman, the person said.

In the meantime, Bloomberg also reports that Canyon Partners co-Chief Executive Officer Josh Friedman says his credit investment firm has added traders from Wall Street as banks exit market making.

'Wall Street has lots of traders who are available because they’re not allowed to take positions', Friedman said in a Bloomberg Television interview with Stephanie Ruhle Monday at the Milken Institute Global Conference in Beverly Hills, California. 'If we’re interested in buying a security, we want to make sure we have very high talent level on the trading desk to be able to go out and source those securities at cheap prices'.

Finally, Bloomberg reports that RWC Partners, an asset manager minority-owned by Schroders, plans to start new funds after hiring 16 people from Everest Capital.

RWC is setting up emerging markets long-only, frontier market long-only and long-short as well as Asia long-short equity funds, CEO Dan Mannix said in e-mailed reply to a Bloomberg query.

Deutsche Bank Said to Hire Ed Reardon From JPMorgan

Canyon Hires Wall Street Traders as Banks Exit Market Making

RWC Partners Hires 16 People From Everest Capital for New Funds

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