Goldman Said to Hire Deutsche Bank’s Head of Distressed Sourcing

Goldman Sachs Group Inc. hired Duane Masucci, Deutsche Bank AG’s head of distressed sourcing, according to four people with knowledge of the move.

Masucci, 45, will be a so-called sourcer at Goldman Sachs, someone who locates and purchases distressed loans, bonds or claims for a bank’s trading group and clients, said the people, who declined to be identified because the hire hasn’t been announced publicly.