Barclays and Deutsche FIGure out swap option

Fun and games at banks as Raj Shourie and Don Tang swap jobs.

In May, Raj Shourie resigned from his post of head of Barclays Financial Institutions Group to go on extended 'gardening leave.' Presumably bored with attending to his daffodils and rhododendrons, Shourie will shortly assume the role as head of ex-Japan Asia securitization at Deutsche Bank.

Since rumours of his new job began to circulate, some market participants wondered what the incumbent head Don Tang would do. Up until that point Tang had been Deutsche's regional securitization head and it was...

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