Michel Lowy's departure from Deutsche Bank last week was friendly, say sources. Despite attractive inducements to stay at the bank's newly merged distressed debt and credit department, Lowy was keen to launch out independently, and he is likely to reappear running his own business in the second half of the year.
Lowy announced his resignation as head of distressed debt trading in Asia on March 23, following the apparent retirement of the global and European chiefs, Martin Dent and Julian Nichols. Their exits prompted Deutsche to put the global distressed debt and credit teams under one roof, led by London-based Colin Fan.
Lowy has more than 15 years experience in distressed debt, and...
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