If you were working for Deutsche Bank's equities sales and trading business in July 2019, you will have been in attendance at the time of the bank's sudden, but also predictable decision to shutter the entire unit. One trader who fortuitously left a year previously just reappeared on the buy-side.
Bill Grant has joined Pimco as an equities trader in New York City according to LinkedIn. Grant's profile suggests he was last gainfully employed in 2018, when he was a director in synthetic equities trading at Deutsche Bank. However, his FINRA registration says he spent August 2018 to September 2019 working for interdealer brokerage firm Tullett Prebon.
Grant is something of a veteran trader in New York City. He spent nine years at Deutsche Bank and began his career at UBS Securities in Stamford in 2001. Tullett wasn't Grant's first flirtation with the interdealer broking sector - he also spent six months working for Linkbrokers Derivatives in 2008, after less than a year with Credit Suisse following the financial crisis.
Pimco is best known for its emphasis on bond investing, and has made several failed attempts at penetrating the equities market. However, the fund still has an equities trading operation run out of New York by global head of equities trading Eden Simmer, who joined nine years ago from Deutsche Asset Management.
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