The firm established by former Deutsche Bank and Morgan Stanley trading stars Simon Mullaly and Lars Lemonius has celebrated its second anniversary of operations. Yorvik Partners said it has now successfully executed in excess of $8bn of distressed and esoteric debt transactions. Founded by former head of European distressed debt trading at Deutsche Bank Mullaly and former head of European proprietary trading at Morgan Stanley, Yorvik had four executives at launch. It now has 22 professionals, making it one of the largest credit platforms in its space.