That was fast. Ernesto Mercadante, the ex-Goldman Sachs govt hired by Deutsche Bank to run FX sales in Europe in July has left once more. Sources
That was fast. Ernesto Mercadante, the ex-Goldman Sachs govt hired by Deutsche Bank to run FX sales in Europe in July has left once more.
Sources say Mercadente left the German financial institution up to now few days. Deutsche Financial institution did not reply to a request to remark.
Mercadente was employed to exchange Amedeo Ferri-Ricchi, who left Deutsche Financial institution for derivatives dealer JB Drax Honoré in June. Ferri-Ricchi was an enormous income generator for the German financial institution and Mercadente was meant to fill the hole.
Earlier than becoming a member of Deutsche, Mercadente spent 4 years at Goldman as co-head of EMEA FX gross sales and 5 years at JPMorgan as head of Southern Europe and CEEMEA FX gross sales. He started his banking profession at Goldman Sachs (he had two stints on the agency) in 2001. It isn’t clear what he intends to do subsequent.
Mercadante’s exit comes after final week’s suggestion that Deutsche is thinking of cutting bonuses by 20%. Nonetheless, it appears unlikely that he would have been affected by this after nearly definitely being employed on a assured bonus.
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