Michelle Neal is leaving Deutsche Bank where she oversees listed derivatives and clearing as well as fixed income and currencies (FIC) market structure, two people familiar with the situation tell Profit & Loss.
She is understood to be relocating to another financial firm in the US and an announcement by her new employer is expected shortly. The sources say she is leaving the bank on good terms.
Neal joined Deutsche Bank in London in January 2014 from Nomura where she was head of global markets electronic trading, futures and prime services and chief operating officer of global execution services.
She was also a member of Nomura’s global markets executive management team and was additionally appointed COO of global execution services for Nomura Global Markets and Instinet in January 2013.
Prior to this she was global head of electronic markets and co-head of FICC prime services at RBS, which she joined in 2004.
The move comes after Deutsche Bank reorganised its FIC business earlier this month to allow “greater efficiency and operational excellence across products”. The FIC products and services were divided into six main groups with Neal responsible for one of the groups.
A spokesperson for Deutsche Bank declined to comment on her departure.
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