As Credit score Suisse struggles with huge losses within the funding financial institution and prepares for one more spherical of restructuring and cost-cutting, Deutsche Financial institution is availing itself of the Credit score Suisse individuals who need some respite from the gloom.

Deutsche’s newest Credit score Suisse rent is Edward Marlow, a former managing director in Credit score Suisse’s rising markets enterprise. Marlow simply joined DB in London.

That is the second time Marlow has left the Swiss financial institution. He labored there for simply over a yr in 2010 earlier than shifting to Renaissance Capital. He was again at CS in 2015, and labored at Credit score Suisse for seven and a half years earlier than eradicating himself to DB. At CS, he was head of Sub Saharan African protection and gross sales. 

Marlow is not Deutsche’s solely ex-Credit score Suisse markets recruit. The German financial institution has additionally been spied hiring individuals like Ruchir Sharma, Credit score Suisse’s Singapore-based head of APAC FX Buying and selling, in addition to Paul Bajer, Credit score Suisse’s former head of credit score structuring, and Brian Connors, who co-headed funding grade buying and selling at CS.

The strikes come as Deutsche Financial institution seems to be well-placed to reward its merchants and salespeople this yr. Within the rising markets workforce that Marlow’s becoming a member of, the German financial institution mentioned revenues greater than doubled within the second quarter. Credit score Suisse, nonetheless, seems to be liable to paying poor bonuses and clawing again deferred inventory for the second yr operating. 

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