Deutsche hires Fischer as managing director in high yield, CDS trading

By Devika Patel

Knoxville, Tenn., April 29 - Deutsche Bank said it has hired Timothy Fischer as a managing director in global credit trading.

Fischer will be based in New York and trade high-yield bonds and credit derivatives within the firm's global markets division. He will report to Nick Pappas and Ray Costa, co-heads of investment-grade, high-yield and distressed debt trading for the United States.

Fischer worked at Barclays plc, which acquired Lehman Brothers' North American investment banking, sales and trading divisions in September.

At Lehman Brothers, Fischer was co-head of high yield trading for North America. Prior to that, he traded high-yield debt at CIBC and Scotia Capital.

"Tim's hire reiterates our commitment to providing world-class flow trading capabilities in credit. He is considered one of the top-ranked high-yield traders on the Street and we look forward to working with him," Pappas said in a press release.

In March, Deutsche Bank also announced it had hired Masaya Okoshi and Sean George, both managing directors in credit flow trading.

Deutsche Bank is a Frankfurt, Germany-based financial services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.