Deutsche Bank has hired Stephen Pitts from KPNQwest, the Dutch-US telecom group, as part of its bid to win more leveraged finance mandates in the telecom, media and technology industries.

Pitts is joining Deutsche as a managing director in the European leveraged finance group. He will have the remit to win debt financing mandates from TMT companies rated below investment grade, a debt market source said.

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Deutsche poaches Pitts from KPNQwest

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