Discover your dream Career
For Recruiters
The seats are still warm.

Deutsche Bank returnee arrives at awkward moment

Now seems a strange time to arrive for a new job as a senior person in Deutsche Bank's London rates trading business. After all, it was only last week that DB parted company with the likes of David Cross and Igino Napoli, its head of linear rates trading in Europe and head of the sovereign, supranational and agency (SSA) trading desk. And it was only two months ago that Deutsche Bank CEO Christian Sewing made a presentation outlining his plans to "resize" rates trading at DB.

This is the week, however, that Campbell 'Cam' Gilbert, the former head of linear rates derivative trading at Mizuho, is returning to Deutsche. Gilbert spent 15 years at Deutsche Bank until 2015, where he was latterly co-head of EMEA linear rates trading with Cross. The two former colleagues nearly passed in the reception. 

Why is Gilbert arriving at DB now? And why join a rates business that's wilfully shrinking? The answer to both may well be that Gilbert signed up to DB in June, before Sewing outlined his new strategy. Notably, though, Gilbert isn't taking his exact old job back and won't be occupying the seat that's still warm from Cross - he's going to be head of dollar swaps trading instead.

Deutsche Bank declined to comment.

In other cheerful Deutsche Bank news, Stuart Adamson, who was head of strats for Deutsche's quantitative investing unit, has just got a new job at UBS, where he will be an executive director. UBS is also cutting costs, but cuts are likely to be most severe in the investment banking division where UBS's bankers generate comparatively low revenues per head compared to the industry average.  

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com 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.)

 

 

author-card-avatar
AUTHORSarah Butcher Global Editor

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
First Pacific Advisors
Senior Investment Analyst
First Pacific Advisors
Los Angeles, United States
Standard Chartered Bank
ED, Head of Supplier Finance Sales Americas
Standard Chartered Bank
New York, United States
Selby Jennings
Software Developer - C++
Selby Jennings
Austin, United States
ANZ
Manager, KYC Onboarding
ANZ
New York, United States
ANZ
Director Credit Specialised Lending
ANZ
New York, United States
Selby Jennings
Senior Engineer - Python
Selby Jennings
Houston, United States