Deutsche Bank executive Jonathan “Jon” Hitchon, the co-head of global prime finance in New York, is leaving the firm, The Post has learned.
Hitchon, a 15-year veteran of the firm, is expected to exit in the next several months and will be replaced by Murray Roos, who has held a number of senior equities roles within the bank over the past decade.
A memo to employees Wednesday said Hitchon was leaving to “pursue other career opportunities.” A source familiar with the departure described it as “an amicable split.”
Still, the exit came as a surprise to some insiders. Hitchon was regarded as a rainmaker who, along with co-head Barry Bausano, helped build the bank’s global prime brokerage. The business caters to big clients like hedge funds by providing services such as financing and trade execution.
A spokeswoman at Deutsche declined to comment.
Two years ago, Hitchon was tasked with overseeing a new unit, called the Market Clearing Group, which is comprised of more complex businesses, such as exchange-traded derivatives.
In a memo by Garth Ritchie, head of Deutsche’s equities business, Hitchon was described as “instrumental” in building out the firm’s listed derivatives unit in the wake of sweeping regulatory changes under Dodd Frank.