A loan sales executive has departed Deutsche Bank for Bank of America Merrill Lynch, Leveraged Finance News has confirmed. The move comes as both banks are adding staff in various credit market positions.

Leveraged loan salesman Alex Kozich has joined BofA from Deutsche Bank and will work under Howard Sysler, who is focused on secondary market sales. A Deutsche Bank spokesman confirmed Kozich’s departure but declined to comment.

Both banks have been adding various staff to its credit market divisions. Deutsche Bank announced earlier this month that it added former Credit Suisse high yield sales head Faris Naber to head of noninvestment-grade sales and cohead of credit sales.

Bank of America recently announced on Wednesday that it hired Jonathan Shiff as head of Americas corporate derivatives and foreign exchange.

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