Deutsche hires boost Iberia derivatives coverage

Deutsche Bank has poached Juan Jose Macias from Barclays Capital and Virilo Moro from Dresdner Kleinwort Wassertstein (DrKW) to boost its derivatives business in Spain and Portugal, following its earlier hire of Mariano Aldama as head of debt captial markets in Spain.

Macias and Moro will become directors within the German bank’s global markets unit, reporting to Aldama. Macias will target OTC derivatives, credit derivatives and other structured product sales to Spanish corporates, while Moro will focus on capital markets origination for Spanish and Portuguese issuers.

“Deutsche Bank is committed to providing an intense and fully integrated coverage of Spanish corporate clients," said Jorge Calderon, Deutsche's global head of debt capital markets.

Macias worked for the last two-and-a-half years building up Barclays Capital's Spanish and Portuguese derivatives and structured products unit. He previously spent seven years with Société Générale in Madrid and London, running the interest rate derivatives business for Iberia.

Moro spent the last three years in capital markets origination covering Latin American and Iberian accounts at DrKW - Aldama's previous employer. He has also worked at UBS Warburg in capital markets and derivatives marketing.