Deutsche Bank Hires Citigroup’s Goldbaum During Push Into US Rates

  • Pedro Goldbaum left Citigroup last year after over a decade
  • Deutsche has lagged other banks in US rates trading boom

A Deutsche Bank branch in Magdeburg, Germany.

Photographer: Krisztian Bocsi/Bloomberg
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Citigroup Inc.’s former co-head of rates trading Pedro Goldbaum has joined Deutsche Bank AG as Germany’s biggest bank makes a push into the US bond market.

Goldbaum, who left CitigroupBloomberg Terminal late last year during the US bank’s vast restructuring, joins Deutsche Bank in New York as head of dollar non-linear rates and inflation trading, and Latin America rates trading, according to an internal memo.