Deutsche Bank’s head of foreign exchange and emerging market debt trading, Ahmet Arinc, is leaving the company, according to a memo to staff.
Bloomberg News reports that David Wayne and Sean Bates will continue in their respective roles as head of currency trading and head of emerging market debt trading, reporting directly to Ram Nayak, the London-based head of debt trading, according to the memo seen by Bloomberg. A spokesman for Deutsche Bank confirmed the memo’s contents and declined to comment further.
In the meantime, Bloomberg also reports that Houlihan Lokey, the boutique bank that focuses on restructuring and had its initial public offering last year, hired HSBC’s Zaman Khan and Christian Scharf as managing directors to help clients in the financial industry deal with illiquid financial assets.
Khan and Scharf will be based in London and report to Jeff Hammer and Paul Sanabria, the global co-heads of the illiquid financial assets division, the Los Angeles-based firm said in a statement Wednesday. Khan was HSBC’s head of special situations and focused on bank deleveraging. Scharf was HSBC’s head of debt capital markets for Germany, Austria, Switzerland and the Netherlands, according to the statement.