Corporate FX sales head exits Credit Suisse for Deutsche

Deutsche Bank has hired Bryan Morales, formerly global head of corporate foreign exchange sales at Credit Suisse, as a director within its capital markets and treasury solutions (CMTS) group in New York.

Morales is expected to join Deutsche in September and will be primarily responsible for consumer and retail clients. He will report to Dean Bellissimo, New York-based managing director and head of CMTS fixed income and currencies risk solutions.

Morales had been at Credit Suisse for four years, having joined from Barclays in 2009. He has also worked previously at Lehman Brothers and Morgan Stanley. Prior to moving into banking in 2006, he had worked in treasury roles at Chevron and Microsoft.

Both Deutsche Bank and Credit Suisse declined to comment.

Earlier this month, Deutsche hired Gaurang Chadha from Goldman Sachs as a managing director in its North American FX investor sales team.