Deutsche Bank Americas credit derivatives head moves to Asia

Alejandro Brockmann, head of credit derivatives for the Americas at Deutsche Bank in New York, has now been made head of the bank's emerging markets trading and integrated credit trading for Asia. He will officially take on his new Singapore-based role from September 1, reporting to Boon-Chye Loh, Deutsche Bank’s head of global markets Asia.

In his new role, Brockmann will oversee trading in Asia of government and corporate bonds, interest rate and credit derivatives, structured products and exotics. Brockmann has been easing into his new role and shuttling between New York and Asia for the past two months.

Filling in Brockmann's old role in the US will be Boaz Weinstein, recently made global head of investment grade credit risk in addition to his duties as head of credit derivatives trading in North America, and Anand Parekh, who moved to New York from Deutsche Bank in London three months ago. In London, Parekh headed special credit risk projects. Prior to that, he was head of credit structuring for Deutsche Bank in Asia.

In his new role, Brockmann said he plans to grow Asian money managers’ involvement in credit investing, where traditionally their preference has been for interest rate products.