Deutsche Bank’s James Malcolm Joins Caxton Hedge Fund in London

James Malcolm, a foreign-exchange strategist at Deutsche Bank AG, has joined Caxton Associates in London.

Malcolm confirmed Monday he is working at the hedge-fund firm, though declined to provide further details when contacted by e-mail.

The hire is the latest Deutsche Bank employee to join the firm co-founded by billionaire Bruce Kovner. Junaid Mohammad, who traded using Deutsche Bank’s algorithm for its electronic currency platform, and Trevor Dinmore, a former senior foreign-exchange trader, have also been recruited.

The move marks a trend of bankers joining asset managers as investment banks shrink amid new regulation requiring them to hold more capital and liquid assets. In January, former head of emerging markets foreign-exchange and local markets strategy at Barclays Plc, Koon Chow, left to join Swiss asset manager Union Bancaire Privee.

An official for Caxton wasn’t immediately available for comment. A Deutsche Bank spokesman declined to comment.

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