Merrill Lynch structured credit director defects to Deutsche Bank

Deutsche Bank has lured Jay Bryant from Merrill Lynch to work as a director in its collateralised debt obligations (CDOs) division in New York. He joins after nine years at Merrill Lynch, where he most recently held the position of director of structured credit sales.

Bryant will be responsible for cash and synthetic CDO origination, syndication and distribution at the bank, and will report locally to the two managing directors and co-heads of Deutsche’s US CDO division, Michael Herzig and Michael Lamont.

“Cash and synthetic CDOs have long been a core business for us globally and we are continuously finding ways to expand our existing capabilities in the US," said Herzig. "Consequently, we have strengthened our business by hiring an outstanding marketer with extensive industry expertise.”