Deutsche Bank has hired John McGrath, formerly of Credit Suisse First Boston, as a director in the real estate debt markets group. McGrath, who will be based in New York, will be a CMBS trader that specializes in GNMA/FHA, FNMA and FHLMC multifamily housing securities. Agency CMBS Trading will be fully integrated with the firm's CMBS trading and structuring activities, Deutsche said in a release.

In the last five years, McGrath was trading Agency CMBS at Credit Suisse First Boston and Donaldson, Lufkin and Jenrette.

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