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The head of EMEA rates trading just left Deutsche Bank

Mark Deniston, head of EMEA rates trading, has left Deutsche Bank. Insiders say he quit today, although it's not entirely clear where he's going next. 

Deniston, who is very well regarded in the City of London, joined Deutsche Bank last year after leaving RBS, where he only worked for 23 months. This is the second time, then, that Deniston has left a bank 'soon' after joining within the past few years.

There is some speculation as to what Deniston will do next, with suggestions that he could go to the buy-side (Brevan Howard has been mentioned) or to a rival bank.

Deutsche Bank declined to comment. It's understood that Cam Gilbert, who ran Deutsche's rates business for 15 years until 2015 and who returned to the bank from Mizuho earlier this month, will assume Deniston's responsibilities. 

Deniston began his career at Deutsche Bank in 2003 before moving to Goldman Sachs and then Brevan Howard. He left Brevan for RBS and then returned to Deutsche Bank. Now he's left again.

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AUTHORSarah Butcher Global Editor

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