Deutsche Bank Deepens Emerging-Market Rebuild, Adds Traders

Deutsche Bank AG is deepening its push into emerging-market credit, adding two executives in New York as part of an expansion that began last year and included the high-profile poaching of a star trader from a rival.

Thomas Fitzpatrick, who previously held senior trading roles at Mizuho Securities USA LLC and UBS, started in December, while former HSBC Securities trader Christopher Staudt was also hired by the German lender, according to people with knowledge of the matter who declined to be named discussing confidential information. Both will focus on Latin American corporate debt.