Deutsche Bank AG has hired three veteran Wall Street traders in its U.S. interest-rates division.
Joe Leary started today as director in the Treasury long-end, Olivier Pariente joins early next month as managing director and a member of the swaps team, and Micheal Dalton comes aboard in mid-June as director and head of exotic options, according to a memo released Tuesday by the bank.
Leary was previously at Citigroup Inc., where he traded long bonds and strips, in which coupons are separated from a note or bond to become a traded security. He reports to Dan Orlando, head of linear rates trading at the bank.
Pariente recently worked as a portfolio manager in the New York office of BlueCrest Capital Management, based in the Channel Island of Jersey, and previously served as head of Morgan Stanley’s swaps desk. He will also report to Orlando.
Dalton previously worked as head of U.S. dollar exotic and structured products at Barclays Capital and as an exotics trader at Deutsche Bank. He will report to Adam Eames, head of U.S. options trading.
Amanda Williams, spokeswoman at Deutsche, declined to comment beyond the contents of the memo.