Deutsche Bank has combined its ABS and its capital management divisions. The merged global structured credit products team will be run by Frank Byrne in London and Elad Shraga in New York. Byrne was previously co-head of the securitized products group. Shraga was in the principal finance group that bought and traded assets ranging from metals to power plants. The new team is part of the bank's credit-trading business, run by Colin Fan in London and Boaz Weinstein in New York.
Brigitte Posch, recently hired by Pacific Investment Management Co. (ASR, 7/18/08), will take up the position of executive vice president and portfolio manager for emerging markets, according to a spokesman for the company. A call for further information wasn't returned. A source familiar with the situation said Posch would be reporting to Curtis Mewbourne, managing director and head of emerging markets at Pimco.