People News: Deutsche Bank, UBS

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Zar Amrolia, who helped build up Deutsche Bank’s fixed-income and currencies business, is leaving the bank after ten years to help run a British electronic market-making business.

Bloomberg News reports that Amrolia will take over at XTX Markets as co-chief executive officer with Alex Gerko in October, the company said in an e-mailed statement on Wednesday.

XTX, which was spun off from GSA Capital Partners, operates in foreign exchange, listed derivatives and equity markets, it said.

In the meantime, Bloomberg also reports that UBS hired Melvyn Merran to trade credit derivatives that are processed through clearinghouses, according to a person familiar with the matter.

Merran will trade indexes of credit-default swaps, credit options and exchange-traded funds, said the person, who asked not to be identified because they’re not authorized to speak publicly. Merran reports to Philip Olesen, global head of credit flow, the person said.

Deutsche Bank Currency Veteran Amrolia Leaving to Lead XTX

UBS Said to Hire Ex-Deutsche Bank Trader Merran for Derivatives

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