Deutsche Pares LatAm Team

Deutsche Bank’s LatAm franchise did not escape the shop’s global headcount reduction, understood to be going on through the middle of this week. A senior FX trader and two of Deutsche’s main LatAm corporate bond traders have left the firm. London-based Connor Kelly, MD and head of LatAm and EEMEA FX options trading, has been let go after only 5 months at the shop. He was previously at Goldman. New York-based Chris Landon, a VP who traded corporate bonds in Brazil, Argentina and some higher yielding credits in Mexico is gone, while Tommy Fitzpatrick, a London-based trader and VP covering corporates in Argentina and Mexico, has also left involuntarily. A second New York-based trader, as well as 2 other London executives in the trading group are also understood to have left, say people familiar with the process. In Santiago, Matias Poblete, a VP covering local clients for banking and capital markets deals, has also departed. A Deutsche spokeswoman declines to comment on the departures and replacements for the LatAm trading coverage were not made clear. Deutsche has seen a series of unrelated departures in trading and fixed income this past year. Carlos Planas, head of treasury and fixed income trading in Buenos Aires, left for Bulltick’s asset manager. Douglas Chen, a director in DCM based in New York, left for Itau Securities in August. A team of Brazil trading and structuring executives headed by Alexandre Aoude bolted for Itau BBA in Sao Paulo in March, while Sao Paulo-based structuring and securitization executives Brigitte Posch and Roberto Watanabe left for buyside and ABS shops. In September, RBS poached a team of 3 headed by Ricardo Bicudo from the Sao Paulo office for its new sales and trading effort in Brazil. Deutsche has also added selectively to its LatAm team, though fewer people than have departed.