Deutsche Bank Credit Trader Wiegelmann Said to Leave Firm

Bjoern Wiegelmann, a director of credit trading at Deutsche Bank AG (DBK) in London, has left after five years at the firm, according to two people with knowledge of the matter.

Wiegelmann will start at another investment bank in London in October after the end of his so-called gardening leave, said the people, who asked not to be identified because the matter is private.

Frank Hartmann, a spokesman for the Frankfurt-based bank declined to comment. Wiegelmann, who joined Germany’s largest bank in 2007, didn’t return calls to his mobile phone.

Deutsche Bank’s revenue from debt trading in the first quarter dropped 8.1 percent to 3.4 billion euros ($4.3 billion) from a year earlier, according to filings on April 26.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editors responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net; Faris Khan at fkhan33@bloomberg.net

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