Two Sigma Hires Jon Hitchon as Chief Operating Officer

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Jon Hitchon, the former co-head of hedge fund financing at Deutsche Bank AG, will join Two Sigma as chief operating officer starting Oct. 1.

Hitchon will work out of the New York headquarters of the $21 billion hedge-fund firm, Perrin Wheeler, a Two Sigma spokeswoman, said in an e-mailed statement. Hitchon spent 15 years at Deutsche Bank before leaving last year. Most recently, he worked with Barry Bausano to manage the firm’s Markets Prime Finance unit, the Frankfurt-based lender said at the time. He also headed the bank’s move to unite its derivatives trading and processing services for listed and over-the-counter contracts as U.S. and European regulations re-made those markets.