Deutsche Bank is understood to be in the process of hiring a new head of equity derivatives sales in Europe who previously spent 20 years working for Goldman Sachs.
David M. Ryan is said to be in the processing of finalising his contract to join Deutsche Bank later this year. Ryan, who spent 20 years running UK equity sales at Goldman Sachs, was a managing director at the bank until he left in 2012. He's spent recent years working for a corporate finance boutique and is understood to be a protégé of Peter Selman, Deutsche Bank's global head of equities, who himself was a former partner at Goldman Sachs.
Deutsche Bank declined to comment on Ryan's appointment. It's understood that he will report to Murray Wilson, Deutsche Bank's head of EMEA equities sales.
David M. Ryan is not to be confused with the other David Ryan who was Goldman Sachs' former president in Asia and returned to the U.S. in 2013.
With his long Goldman background, David M. Ryan looks like a catch for Deutsche Bank. However, eyebrows are apparently being raised by some people at the bank over his long period away from a major firm and his familiarity with the current European equity derivatives landscape.
Ryan's arrival comes after Manoj Sudera, a London-based senior equity derivatives trader, left last month for ING. Last year the German bank lost Sean Flanagan, global head of equity structuring and Antti Kari, a managing director in equity derivative sales, who both went to Morgan Stanley.
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