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Real estate bankers exit Deutsche and JP Morgan

The banker who founded Lehman Brothers’ mortgage trading desk has left the German bank

Alex Maddox, head of European residential mortgage-backed securities at Deutsche Bank, and the banker who founded Lehman Brothers’ mortgage trading desk, has left the German bank.

Maddox was employed by Deutsche Bank in a new role in 2010, during a wave of senior securitisation hires as banks anticipated a pick-up in the European RMBS market.

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