UBS's Chris Lee joins Deutsche Bank's structured products team

Deutsche Bank has hired Chris Lee from UBS to replace Nitin Nath as head of private bank and retail sales.

Chris Lee is set to join Deutsche Bank as head of global markets investment products and db-x to replace Nitin Nath. Lee was previously head of equity risk management products at UBS, a position he quit in March this year.

It was not known at the time of his departure where Lee was going, but the announcement yesterday that he is joining Deutsche Bank will not come as a big surprise to the market. At UBS, Lee led a business that was one of the market leaders in equity derivatives, and especially in listed products.

In particular, UBS has had a strong track record in sales to private banks...

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