A veteran equity derivatives trader left Deutsche Bank before bonuses
Manoj Sudera, a London-based senior equity derivatives trader, has left Deutsche Bank.
Sudera joined Amsterdam-headquartered ING as an executive director for strategic equity derivatives trading in its London office in January.
Sudera began his career with Lehman Brothers on the corporate equity derivatives in 2002. Three years later, in 2005, he joined Barclays Investment Bank, where he worked on rates derivatives. He then moved to RBS where he became the head of structured equity trading during an eight and a half year stint.
After he left RBS in May 2015, Sudera took a nine-month break before joining Deutsche Bank in March 2016. He'd been there ever since.
Sudera is not the only equity derivatives professional to leave the German bank. Martin Evans, an MD on Deutsche's linear corporate and special situations trading group left in May. Sean Flanagan, global head of equity structuring and Antti Kari, a managing director in equity derivative sales, left for Morgan Stanley in June.
Deutsche Bank does not announce its bonuses for 2018 until March 2019. Following reports that Deutsche is cutting its bonus pool by 10%, this year's bonuses are not expected to be particularly generous. Some Deutsche Bank traders have been complaining that they are being made to work out their notice periods, something which is unusual in trading jobs.
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