Deutsche Bank just made another major equity derivatives hire
Deutsche Bank is on a roll. Since global head of equities Peter Selman told the Financial Times last December that DB planned to do, "quite a bit more" equities hiring, the German bank has made two major equity derivatives hires in London.
The latest equity derivatives professional to sign Deutsche's dotted line is understood to be Eric Bensoussan, who is (re-)joining the German bank in the next few months. Bensoussan's arrival may coincide with that of David M. Ryan, who is joining Deutsche as head of equity derivatives sales in Europe, as we reported last week.
Bensoussan might be able to show Ryan around - this won't be the first time he's worked for Deutsche Bank on London Wall. He previously spent eight years with the bank between 2003 and 2011 before leaving to become head of commodities structuring at UBS. Bensoussan subsequently spent several years as head of equity and quantitative investment strategies structuring at Nomura, before setting up his own firm to provide advice on quantitative strategies in 2016 after Nomura cut its equities business.
Bensoussan didn't respond to a request to comment on his new job and Deutsche Bank declined to comment on his arrival. Deutsche seems to be making a habit of choosing major hires who are not working for rival banks. - Ryan was at a small boutique when Deutsche tapped him. Both Bensoussan and Ryan are likely to have been less expensive to recruit as a result.
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