Credit markets round up: Where’s D’Albert?

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Richard D’Albert, global head of the securitized product group and CDOs at Deutsche Bank is not to become global head of the institutional client group at the European bank after all. Euromoney heard that D’Albert was taking on the global sales role Jim Turley’s decision to take a sabbatical. The new head of ICG is Rich Herman. Herman was previously European head of debt sales and joins Deutsche’s global markets executive committee, as do Colin Fan and Boaz Weinstein as co-heads of global credit trading reporting to Rajeev Misra, global head of credit and commodities.