Deutsche Bank confirms hires in New York and London. Joel Holmes has joined the bank as a director and senior trader covering yen in New York. He reports to Russell Lascala, who recently joined the bank as head of spot FX from Citigroup where he was chief FX dealer in New York (see Squawkbox, 05/05/03). Holmes joins from Merrill Lynch, where he traded Usd/Jpy.
Rakesh Shah joins Deutsche Bank after a brief spell at Hotspot FX (see Profit & Loss, May 2003), the bank confirms. He joins Deutsche as an FX prime brokerage specialist in London, reporting to Andrew Coyne, London-based director of Global Liquidity Services, FX prime brokerage. Shah previously worked with Credit Agricole Indosuez’s FX prime brokerage team in London.