Deutsche hires Gunewardena to strengthen prime brokerage

Deutsche Bank has appointed Mel Gunewardena as managing director and global head of fixed income prime brokerage, within its global markets division.

Gunewardena will build an integrated fixed-income prime brokerage business serving hedge fund clients. He joins from Goldman Sachs, where he played a key role in the establishment of prime brokerage for derivatives products, and worked as a managing director and global head of fixed-income derivatives prime brokerage.

Gunewardena has served on the boards of CLS Bank International and Markit Partners, and has been active in senior steering groups at the International Swaps and Derivatives Association, the US's Federal Reserve Foreign Exchange Committee, and the Depository Trust & Clearing Corporation.

“Launching a fixed-income prime brokerage business and hiring a world-class professional like Mel marks Deutsche Bank’s continued determination to provide hedge fund clients with the widest array of investment solutions,” said Alan Cloete, managing director and head of global finance.