An ETF VP quit Deutsche Bank

eFC logo

David Fazel, a VP in Deutsche's ETF business, is understood to have resigned. Fazel's destination is unclear, but he's thought to have found another role. He spent less than three years at Deutsche after joining from Nomura in 2016. Deutsche Bank didn't immediately respond to a request to comment.

Fazel’s exit follows news of redundancies at Morgan Stanley’s equities business. London's equities headhunters said there's very little hiring taking place. "This is usually the busy time of year, but equities trading volumes are down significantly in Europe. Add in a sprinkle of Brexit dust and you have hardly anything going on," said one, speaking off the record.

Another said that Morgan Stanley's redundancies are felt to bode badly for other banks. "The general feeling is that if Morgan Stanley are letting go of people in areas that are fundamental to the business and that have been profitable then it says something about market conditions, and other banks will do the same."

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)



Related articles

Popular job sectors


Search jobs

Search articles