Deutsche Bank said Tuesday that it has made seven new hires for its emerging-markets business in Brazil and Mexico.

A source at the bank said the hires involved structuring and originating deals will cover ABS as well.

It has hired former Credit Suisse director Rodrigo Rocha as a São Paulo-based director and head of credit syndication for Brazil in the bank's debt capital markets (DCM) group. Rocha reports to Nuno Correia, head of fixed-income sales and DCM for Deutsche Bank in Brazil.

“As we continue to expand our client offering in Latin America, it is imperative that we have a strong presence in local markets,” said Karan Madan, managing director and head of global markets for Latin America at Deutsche Bank, in a statement.

Rocha brings experience from Brazil's Unibanco to his new position, having headed up its domestic and international fixed-income sales business before joining Deutsche Bank.

Separately, Jorge Classing was named a director in emerging markets fixed income trading. A former Bank of America fixed-income banker, Classing is based in Mexico City, where he reports to Luis Betancourt, director and head of trading for the German bank's operations in Mexico.

Alex Coutinho, an ex-buyside research analyst at Boston private-equity firm Spinnaker Capital, joined Deutsche Bank as a director in its global markets structuring credit business. As part of his responsibilities, his work will be overseen by global markets structuring director Marcelo Ferraz in São Paulo.

Jose Luis Azevedo de Oliveira also joined the German bank as a vice president in local emerging markets fixed income trading, having left Banco Itau as a senior fixed income trader. The banker, who has 13 years of trading experience, will be supervised by Claudio Holanda, a director in local emerging markets fixed income trading in Brazil.

Former Santander interest rate trader Frederico Massote, meanwhile, was named a vice president in local emerging markets fixed income trading in São Paulo. Like de Oliveira, he will report to Holanda.

Cristian Lara, who joined Deutsche Bank from JPMorgan, was named a vice president in DCM sales in São Paulo, where he will report to Correia and managing director Brad McKee.

Additionally, Marcelo Puga has joined the investment bank's São Paulo office as a vice president in equity derivatives sales. Puga, who brings experience in equity derivatives from Credit Suisse-Hedging Griffo, will report to Andre Rosenblit, head of global markets equity in Brazil.

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