Deutsche Bank Credit-Trading Head Faurot Leaves for Sycamore (1)

Buyout firm Sycamore Partners poached a senior Deutsche Bank AG trading executive for its credit business.

Shawn Faurot, 42, who ran U.S. credit trading for the German lender, resigned to join the private equity firm, according to people with knowledge of the matter.

The buyout firm, founded in 2011 and run by Stefan Kaluzny, has made a name for itself making big wagers in the retail and consumer sectors. Its strategy has been to buy troubled companies with debt, betting they can be revived with cost-cuts and new strategies. Its aggressive tactics have also led to drawn-out legal ...