Deutsche creates Fic division under Amrolia and Felson

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Deutsche Bank is merging its global finance and foreign exchange with its rates and credit trading businesses into a new fixed income and currencies (Fic) division, the bank announced to employees last week. The Fic division will be co-headed by Zar Amrolia, global head of foreign exchange and markets electronic trading, and Wayne Felson, global head of rates and flow credit trading. Both will now become co-heads of Fic, in addition to their existing responsibilities. They are based in London