Deutsche snares JP Morgan’s Murray for clearing role

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Deutsche Bank has confirmed the appointment of Piers Murray as global head of fixed income prime brokerage in the markets clearing business. Murray, who was previously global head of rates clearing at JP Morgan, will start his New York-based role in September, reporting to Jon Hitchon, head of markets clearing.

The hire of the widely respected Murray was described by one rival dealer as a coup for Deutsche. According to Deutsche's Hitchon, the appointment is part of a realignment in the markets

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