Deutsche appoints head of relative value group in Americas

Deutsche Bank has appointed Erik Falk as head of its global markets division’s Relative Value group sales team, covering all credit products including cash bonds and credit derivatives. The group targets institutional clients including reinsurance companies, hedge funds and traditional asset managers.

Falk will also jointly manage asset-backed securitisation (ABS) and commercial mortgage-backed securitisation (CMBS) sales with Munir Dauhajre, head of cross-rate sales in the Americas. Falk was previously global head of Deutsche’s asset-backed commercial paper conduit and credit products business. In his new role he will report to Brian Reid, head of the institutional clients group in the Americas, and will be based in New York.

Meanhwile, Deutsche has also appointed Scott Rodman as a senior member of the alternative risk group in the global markets division. In his new role, Rodman will specialise in marketing structured fixed-income and credit products to reinsurance firms. He was previously at Credit Suisse First Boston, where he was co-head of the reinsurance group. Rodman will report to Falk and will be based in New York.

In addition to the above, Deutsche said it has created a new group responsible for structured product development in North America, called the North American Structuring Group. The team will be headed by Anand Parekh, previously a managing director in credit structuring at Deutsche Bank in Asia, and will span all credit and interest rate derivative products, targeting banks, money managers, pension funds and reinsurers.