Deutsche Bank has recruited Paul Puleo from Lehman Brothers as head of insurance industry debt capital markets coverage in New York.

Puleo, who held a similar role at Lehman Brothers, leaves the US investment bank after 10 years to join Deutsche Bank Securities as a director in the debt capital markets group. He will report to Erich Mauff, head of financial institutions debt capital markets for North America. Before joining Lehman Brothers, Puleo worked as a senior insurance industry analyst at Moody's Investors Service.