UPDATE 1-MOVES-Luca Laino to join Deutsche Bank leveraged syndicate -sources

Thu Oct 23, 2014 1:16pm EDT
 
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(Adds detail of other recent moves)

By Natalie Harrison and Robert Smith

LONDON, Oct 23 (IFR) - Deutsche Bank has hired Luca Laino as a director in its leveraged debt capital markets syndicate desk, market sources said on Thursday.

Laino joins from UBS where he has worked since 2007, according to his LinkedIn profile. In his last role he was an executive director in the leveraged capital markets team.

In his new position at Deutsche, Laino will be based in London and report to Henrik Johnsson, head of EMEA high-yield and loan capital markets. He will join the bank in January.

Laino is understood not to be replacing anyone directly, although a couple of bankers have left Deutsche's leveraged debt capital markets team this year.

Jane Bushey, who had been at Deutsche for 14 years, is due to join Morgan Stanley next month to head the US bank's high-yield capital markets business in Europe.

Robert Wartchow left the bank in May to join Credit Suisse as a director in the Swiss bank's leverage finance capital markets business.

UBS, meanwhile, recently lost a banker from its financial sponsors group. RBC has poached Matthew Stopnik from the Swiss bank to be joint-head of its US financial sponsors group in New York, according to market sources.

Stopnik was the head of US sponsors at UBS, which he joined in 1995. (Reporting by Natalie Harrison and Robert Smith, Editing by Helene Durand)