A Deutsche Bank trader, based in New York, is to join a hedge fund led by Hope Pascucci, former head of the GermanÃ¢ÂÂs bank fixed-income division, in the first top departure revealed since the bank announced job cuts last week.

Stephen Murphy, Deutsche Bankâs head of high-grade flow trading, is to join Rose Grove Capital, the Boston-based hedge fund founded by Hopeâs husband Mike Pascucci, a former head of European credit at Merrill Lynch, and Jeff Chandler, Merrillâs former head of global debt syndicate.

Deutsche trader to join Pascucci hedge fund

Harry Wilson

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Deutsche Bank

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