Deutsche Bank's co-head of high-yield trading has left the German lender as trader departures continue

REUTERS/Kai Pfaffenbach

• James Nessel, Deutsche Bank's co-head of high yield trading, is leaving the German lender.
• Nessel joined Deutsche two years ago from Citigroup.
• It's the latest in a series of trader departures from Deutsche Bank.

James Nessel, hired as Deutsche Bank's co-head of high-yield trading two years ago, is leaving the bank, according to people with knowledge of the matter.

Nessel resigned from the bank on Tuesday, the people said.

A Deutsche Bank spokesman declined to comment and Nessel could not be immediately reached for comment.

Nessel, who joined Deutsche from Citigroup in 2016, marks the latest trader to leave the German lender, as CEO Christian Sewing looks to reduce the firm's reliance on fixed-income trading. In the second quarter, the bank reported a 17% decline in bond trading, compared to gains from US banks.