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Deutsche Bank hired Stephane Salas, former head of inflation trading at Societe Generale.

Deutsche Bank has strenghtened its inflation trading desk by hiring Stephane Salas and Paul Canty as global co-heads of inflation trading ...

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Based in London, Stephane Salas and Paul Canty will head the bank’s inflation trading desk, an activity that has continued to grow since inflation became a major concern for customers.

Their team will be further strengthened with the appointment of Nicolas Tabardel as head of inflation options trading including exotic options. Deutsche Bank seeks to demonstrate its commitment to a strong and diversified inflation trading activity and to give new impetus to the growth in this niche.

Stephane Salas joined Deutsche Bank from Societe Generale, where he was global head of inflation trading. He had worked for fourteen years at Société Générale where he held various roles in Paris and Singapore. Before being appointed Global Head of Inflation Trading, he was heading euro market making on inflation-linked products..

Paul Canty has been working for Deutsche Bank for 3 years. He previously held the position of Europe head of inflation trading. He held a similar position at UBS and ABN Amro and has been working on inflation markets since 2003. Stephen and Paul will report to Michele Foresti, Head of Structured trading.

Nicolas Tabardel joined Deutsche Bank from Citibank, where he was heading inflation option trading.

Commenting on this appointment, Michele Foresti said: "Inflation trading is an important part of the global business of Deutsche Bank on bonds and we have achieved a leading position in this sector in 2010. The appointment of Stephen and Paul, and the imminent arrival of Nicolas,will enable us to continue to expand our business and ensure the highest execution and trading quality to our customers. "

Next Finance , December 2010

Article also available in : English | français

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