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Deutsche Bank Hires First Base Metals Trader as It Plots Return

Deutsche Bank AG made its first hire of a base metals trader as the German lender plots a partial return to the business about a decade after pulling back.

Thiebaud Format will join Deutsche Bank in London from BNP Paribas SA, according to people familiar with the matter. He will work on the existing precious metals desk but his role will include some base metals trading, one of the people said. All asked not to be identified discussing the private information.