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Deutsche Shuffles as Shell Steps Aside

Deutsche Bank has made further changes to its FX business following news that Jason Shell is taking a sabbatical from the bank.

A spokesperson for Deutsche Bank confirms that Shell, head of FX in North America at the bank, is taking a career break for nine months while he sails from Argentina to the Caribbean. David Wayne will transfer from London to New York to run FX in North America, he will retain his responsibilities as global head of FX derivatives and continue to report to Kevin Rodgers, global head of foreign exchange at the bank, and locally to Wayne Felson, global head of rates and flow credit trading.

Shell’s career break follows a similar decision by Phil Wood, head of e-FX trading at Deutsche, who started a break earlier this year (Squawkbox, April 24, 2013) but is also expected to return to the bank in a new role next year.

Shell joined Deutsche Bank in 1996 as an FX options trader and has held several roles in the interim, most recently having the role of head of global client solutions added to his title.

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