Deutsche Bank has hired four executives to global prime finance within the bank’s global markets division. Reportedly, all of the hires will be based in New York.
According to the bank, John Egan rejoins the bank as a director. In his new role, he will lead the newly-launched securities lending special situations trading group in North America, which assesses trading opportunities and distribution of deal flow and short interest analytics to clients. He was previously head of the North America portfolio finance group at Och-Ziff Capital Management and has 14 years of experience in equity finance.
Ted Langworthy will join as a director. In his new role, he will oversee international securities lending trading in North America. He was previously head of Asian securities lending for North America at Morgan Stanley.
Sairam Venkatraman joined as a director from Citigroup, where he was a senior vice president and manager for global securities lending technology. Prasad Yenamandra has joined as a director from Goldman Sachs, where he was a vice president and functional architect for global securities services technology.
Mr. John and Mr. Ted will report to Paul Busby, managing director and head of securities lending for the Americas. However, Mr. Venkatraman and Mr. Yenamandra will report to Sanjay Chojar, managing director and head of global prime finance information technology.
Barry Bausano, managing director and co-head of global prime finance, Deutsche Bank, said: “As we build on the strength we have established over recent years, we feel it is important to further develop our technology offering and ensure our hedge fund clients have the most cutting-edge tools.”
Jonathan Hitchon, managing director and co-head of global prime finance, Deutsche Bank, said: “Our business is constantly evolving and the expansion of our dedicated IT team is important in maintaining our progressive, industry-leading product offering.”
