Deutsche Bank Hires Credit Suisse’s Brice for High Yield

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Deutsche Bank AG, which generates about a quarter of its revenue from fixed-income trading, hired high-yield debt trader Nick Brice from Credit Suisse Group AG, according to people briefed on the move.

Brice, 29, will start at the Frankfurt-based bank later this year as a director, said one of the people, who asked not to be identified because the move wasn’t public. Brice has focused on trading debt tied to the energy sector, one of the people said.