By Stefania Spezzati
LONDON (Reuters) - Deutsche Bank (ETR:DBKGn) has named Oliver Jerome as head of European foreign exchange in London as the lender boosts its forex desks, according to a note sent internally.
Jerome has held similar roles at JP Morgan and Morgan Stanley (NYSE:MS) and was recently one of the founders of a technology company active in foreign exchange.
At Deutsche Bank, he will report to Sameen Farooqui, co-head of global foreign exchange, and Panos Stergiou, head of institutional client group.
David Leigh, who took the role of head of European forex at the German bank last year, is leaving the lender.
Macro traders at Deutsche Bank have outperformed rivals at BNP Paribas (EPA:BNPP) and Barclays (LON:BARC) Plc in the first quarter. Income from trading rose 7% from the same period last year, beating expectations for a 2.6% gain and ahead of a 3% combined drop by the five biggest U.S. banks.