Deutsche Bank Point Man for Hedge Funds, Barry Bausano, to Leave
- He’s also stepping down as CEO of Deutsche Bank Securities
- Bank credits him for forging relationship with fund leaders
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Deutsche Bank AG’s Barry Bausano, a longtime senior executive overseeing its relations with hedge fund clients, is leaving as the firm shakes up its U.S. operations.
Bausano, 54, has helped lead efforts to retain big trading clients in recent years, after some grew concerned about the bank’s strength as a counterparty. He will step down as chairman of its business with hedge funds and as chief executive officer of Deutsche Bank Securities, the company’s U.S. broker-dealer, according to a memo sent to staff on Tuesday.