Deutsche Bank Traders in U.S. Said to Leave Amid Pay Shift
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Deutsche Bank AG lost at least six debt traders in New York this year, including two of its most profitable, after becoming the first foreign firm to rank No. 1 in a survey of U.S. fixed-income dealers.
Departures include Thomas Curran and Prakash Narayanan, who together earned as much as $800 million for Germany’s biggest bank in the past two years, people with direct knowledge of the situation said, declining to be identified because the changes aren’t public. Some moves are being driven by a shift in pay practices, with at least eight others also leaving the broader U.S. fixed-income group, the people said.