The controversy surrounding the resignation of Tamara
Adler, Deutsche Bank's well-respected former head of European
asset-backed securities, has obscured another bizarre facet of the
bank's reorganization following the death in December of global
markets head Edson Mitchell.
Just weeks after Mitchell's lieutenant and global head of debt
capital markets Grant Kvalheim resigned to join Barclays Capital,
Deutsche appointed Jorge Calderon to replace him. It is a strange
appointment. Calderon only joined the bank in March last year, as
co-head of asset-backed securities...
