Deutsche Bank Head Debt Trader Cornut Leaves for Hedge Fund
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Antoine Cornut, Deutsche Bank AG’s head of flow-credit trading in the Americas and Europe, has left the bank for a hedge fund as regulations designed to curb risk-taking transform the corporate-bond market.
Cornut departed this week, according to two people familiar with the move. Tom Hartnett was named to oversee investment-grade credit in North America in addition to interest-rate products. Tom Higbie, a credit analyst, departed this week for hedge fund Solus Alternative Asset Management LP, where he’ll be a managing director, said one of the people, who asked not to be identified because the changes haven’t been made public.