On the Move

Deutsche Bank’s head of fixed income trading leaves

Deutsche confirms departure of Ioannis Pipilis, which was expected following the announcement of the bank’s restructure

Deutsche Bank’s global head of fixed income has left the German bank just more than a week after it announced a sweeping restructure that handed control of its bond-trading business back to Ram Nayak, who was promoted to co-president of corporate and investment banking in May 2018.

Ioannis “John” Pipilis, who was expected to leave, has come to an agreement with the bank, according to a person familiar with the matter. Pipilis has spent almost two decades at Deutsche.

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