Deutsche snaps up former Barclays credit research analysts

Gary Jenkins and Jim Reid, who both recently left Barclays Capital, are to join Deutsche Bank in London. Jenkins will become European head of credit research and fundamental strategy, with Reid joining him as a European credit strategist. Reid will start first in September and Jenkins will join him later some time in Q4.

Jenkins, who will report to David Folkerts-Landau, head of global markets research, will formulate the bank’s fundamental credit strategy in Europe. Folkerts-Landau said he will work closely with Jean-Paul Calamaro, global head of quantitative credit strategy, to build a close link between the departments, as well as with global head of credit strategy Marion Boucher-Soper.

At BarCap, Jenkins was global head of credit research and Reid was a credit strategist. Jenkins had been at the UK-based bank for 18 years, Reid for eight. Jenkins left BarCap on sabbatical after the bank appointed Mark Howard from Lehman Brothers to run the global research effort from New York.

The pair were recently voted top credit strategy team in RiskNews' sister publication Credit’s Analysts of the Year 2004 survey.

“Fundamentally-derived credit strategy remains a key desire of our largest and most demanding buy-side customers, in addition to the best-of-breed quantitative group we have built in the past two years,” said Folkerts-Landau.