Credit Suisse’s Marvin Joins Deutsche Bank to Trade CMBS

Deutsche Bank AG has hired Brad Marvin from Credit Suisse Group AG to co-lead trading of bonds that repackage commercial mortgages, according to a memo seen by Bloomberg.

Marvin joined the German bank today, Dec. 1, as a director and co-head of commercial mortgage backed securities secondary trading. He will be based in New York and report to Sebastien Cottrell, global head of securitized products trading. Marvin will focus on mezzanine and credit tranches in single asset, single borrower bonds, conduit securities and commercial real estate collateralized loan obligations, the memo said.

A spokesperson for Deutsche Bank confirmed the ...