In Brief: Deutsche Unit Names Credit Products Chief

Deutsche Bank Securities Inc., the German bank's U.S. securities subsidiary, hired Thomas Gahan to be managing director of global credit products.

Mr. Gahan joins Deutsche Bank from Merrill Lynch & Co., where he was last responsible for global leveraged finance. The German bank is merging with New York-based Bankers Trust Corp., which has its own securities subsidiary, BT Alex. Brown Securities Inc.

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