
Deutsche loses top forex quants
While such high-profile departures will fuel speculation that all is not well at Deutsche’s foreign exchange operation, sources familiar with the situation said the quant defections are not related.
McGhee, who co-authored an FX options master class on pricing barriers in FX options under different model frameworks for Risk in May last year with Alex Lipton, will run foreign exchange products development at Citigroup, following a 13-week holiday. He will report to Steven Reiter, Citigroup’s global head of FX options.
Jacobs’ new role is unclear, but RiskNews learnt he resigned from Deutsche Bank yesterday.
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