Deutsche Bank has appointed a new Managing Director to its Investment Grade (IG) Credit Trading division.
Olivier Gazzolo joined the firm last month according to information made public on LinkedIn.
Gazzolo has been out of the financial services industry for almost two years. It is unclear as to why he was out of work for so long.
He left his last role, as Global Head of Credit Trading with SGCIB, in September of 2017.
The Frenchman spent over ten years with the investment banking firm, having joined the company back in July of 2006.
Prior to joining SGCIB, Gazzolo was Head of European Credit Trading at another French investment bank – Crédit Agricole Corporate and Investment Bank (CACIB).
He joined the firm in 2000 and worked there for almost six years.
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From Dreyfus to Deutsche Bank
Gazzolo got his start in the financial services industry at the Louis Dreyfus company in 1995.
It was there that he worked for five years, as a Bonds and Credit trader, before joining CACIB at the turn of the millennium.
The new Managing Director joins Deutsche Bank at a tumultuous time.
In the past month, reports surfaced that the German banking giant may be forced to merge with the state-owned Commerzbank.
That news came after the bank reported a third consecutive year of losses for the firm.
The German bank has also been caught up in a wave of scandals. At the end of last year, the firm was accused of facilitating money laundering, on a huge scale, by acting as a correspondent bank for Danske Bank’s disgraced Estonian division.