He said that he was well placed to implement Deutsche’s credit strategy despite the fact his previous two jobs have been in commodities. “Having been in markets, so many different markets, over my career, if you’ve got a spot, a forward and a volatility curve you can pretty much price any product. And the concept of analysing risk transcends any products.”
New York-based Ritter will report jointly to head of the global credit trading division Rajeev Misra and Mark Ferron, chief operating officer for global markets. Following the move, Jim Turley, head of global currencies and commodities, will assume operational responsibility for the commodities business.