Deutsche derivatives head in vanishing act

Deutsche Bank’s head of legal in trading and derivatives has left.

Michael Hamill left the bank on 6 September after more than five years of service. The reasons for his departure are unclear.

Hamill is the second in-house lawyer to leave the bank within two weeks.

Sanjeev Joshi, head of securitised products and equity, left for ABN Amro Bank NV, where he is senior legal adviser in global equity derivatives and securitised products.

Joshi, who was with Deutsche for three years after joining from NatWest Securities, works at ABN Amro for three days a week, and also pursues other business interests.

Hamill was one of four senior lawyers in the legal department reporting to Simon Dodds, general counsel in the UK.

Deutsche refuses to comment on either Joshi or Hamill, although sources say that the two departures – which are from the same division of the legal department – are entirely unrelated.

According to a source, there is a growing demand for lawyers specialising in equity derivatives, both for in-house and private practice, since equity derivatives are now used more often in the UK than traditional fixed-income and foreign-exchange swaps.