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Deutsche Bank Said to Hire Credit Suisse’s Saad in Brazil

Deutsche Bank AG hired Marcelo Saad, the former head of alternative investments and fixed-income funds at Credit Suisse Hedging-Griffo, to help expand the German firm’s Brazil business, two people with direct knowledge of the matter said.

Saad’s title and range of responsibilities haven’t yet been finalized, according to one of the people, who asked not to be identified because the hiring hasn’t been announced.