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People moves news

Hitchon out and Roos in at Deutsche


15 November 2013 New York
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
Jon Hitchon, the head of markets clearing at Deutsche, will leave the bank in the next couple of months, according to sources.

Hitchon, who has been at the bank for 15 years, is expected to be replaced with Murray Roos. In May 2012, Roos was appointed as co-head of European equities. Prior to that, he was head of prime finance for Europe, the Middle East and Africa.

Hitchon’s role as head of markets clearing involved overhauling the bank’s approach to client clearing of OTC derivatives, off of the back of Dodd-Frank ruling.

Deutsche declined to comment on the move.
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