Hedge Funds

Deutsche nabs Goldman derivatives PB chief

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Deutsche Bank has recruited Mel Gunewardena, a former high-level Goldman Sachs executive, for a new position as head of global fixed-income prime brokerage.

Gunewardena, who ended a 12-year career at Goldman Sachs as managing director and global head of fixed-income derivatives prime brokerage, will report to Alan Cloete, a managing director and the head of global finance at Deutsche. Gunewardena joins Deutsche as a managing director.

In his new role, Gunewardena is leading internal efforts to develop fixed-income prime brokerage services that link Deutsche's hedge fund clients to the firm's fixed-income resources.

"Launching a fixed-income prime brokerage business and