Bloomberg News

Deutsche Bank’s Head of Rates Sales Sana Is Said to Be Leaving

May 01, 2013

Deutsche Bank AG (DBK)’s global head of rates sales Haroon Sana is leaving the company, according to three people with knowledge of the matter.

Sana will depart his London-based role at Germany’s biggest bank later this year, said two of the people, who asked not to be identified because they aren’t authorized to speak on the matter. Prior to joining Deutsche Bank, Sana worked for Morgan Stanley and Merrill Lynch & Co., according to data compiled by Bloomberg.

Paul Swaddling, head of hedge fund sales for rates, has left the company, two of the people said today.

Sebastian Howell, a spokesman for Deutsche Bank in London, declined to comment on Sana’s and Swaddling’s positions when reached by phone. Sana wasn’t immediately available to comment.

Deutsche Bank said on April 29 that pretax profit at the investment bank fell 2 percent in the first quarter from a year earlier to 1.85 billion euros ($2.4 billion). Cost reductions failed to offset a 4 percent decline in revenue to 4.6 billion euros.

To contact the reporters on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net; Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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