Deutsche hires new head of cross-rates sales

Munir Dauhajre, previously head of US government bond and derivatives sales at Merrill Lynch, has joined Deutsche Bank as head of cross-rates sales for the Americas. Based in New York, Duahajre will report to Brian Reid, head of Deutsche's institutional client group in the Americas.

Deutsche formed its cross-rates trading business last August to ease execution of trades involving US Treasuries, agencies, MBSs (mortgage-backed securities) and interest rate derivatives.

“This appointment builds on our acknowledged leadership in the field of cross-rates,” said Anshu Jain, head of Deutsche Bank’s global markets division. “It is part of our ongoing build-up of all aspects of our vibrant North American franchise.”

Calls seeking information on Dauhajre’s replacement at Merrill Lynch were not returned.

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