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Deutsche Bank - External

Bank of America has hired former Credit Suisse executive Pankil Patel to lead electronic trading services in the Americas, according to a person with knowledge of the matter.

Bloomberg News reports that Patel, 42, will start his new position at the bank on July 5, according to the person, who asked not to be identified because the appointment hasn’t been announced publicly. He will oversee electronic trading of equities, options and futures.

In the meantime, Bloomberg also reports that Batubay Ozkan, who oversaw Deutsche Bank’s Russian securities trading operations, has left as the lender retreats in the country amid probes into alleged money laundering, according to people with knowledge of the move.

Ozkan, who was head of Russia and Commonwealth of Independent States markets from March 2009 until last year, departed in recent weeks, the people said, asking not to be identified because the information is private. Ozkan moved to London from Moscow last year to focus on his role as head of central and eastern European debt trading, according to a May 2015 press release.

BofA Said to Hire Patel to Lead Americas Electronic Trading

Deutsche Bank Ex-Russia Markets Chief Ozkan Said to Depart

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