Deutsche Bank Says Hedge Fund Financing co-Head Leaving

Deutsche Bank AG (DBK), Europe’s biggest investment bank by revenue, said Jon Hitchon, co-head of a unit providing financing services to hedge funds, is leaving the firm after 15 years.

Renee Calabro, a spokeswoman for Deutsche Bank, said New York-based Hitchon was departing. She declined to comment further by telephone today.

Murray Roos, co-head of European equities, will succeed Hitchon and work with Barry Bausano to jointly manage the department, known as Markets Prime Finance, the Frankfurt-based bank said earlier in a memo to staff.

The New York Post reported Hitchon’s departure earlier.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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