People News: Deutsche Bank, King Street Capital, Jefferies, Goldman


Deutsche Bank’s Michael Schoell, a senior trader of distressed debt, has left to join hedge-fund firm King Street Capital Management, people familiar with the move said.

Bloomberg News reports that Schoell, a Deutsche Bank director who resigned on Wednesday, will trade high-yield and distressed bonds and loans at the hedge fund, said the people, who asked not to be identified discussing personnel. King Street had about $19.3bn of assets as of January 1, according to a regulatory filing.

In the meantime, Bloomberg also reports that Jefferies, the investment bank owned by Leucadia National, hired Goldman Sachs’ Joe Femenia to run distressed-debt trading, people familiar with the move said.

Femenia, 39, a graduate of the U.S. Naval Academy and former Navy SEAL, will take on many of the duties of former distressed-debt head Drew Doscher, who left Jefferies in December, according to the people, who asked not to be identified discussing personnel. 

Deutsche Bank Distressed Trader Schoell Said to Join King Street

Jefferies Said to Hire Goldman's Femenia for Distressed Debt

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