Ezequiel Starobinsky, a vice president, at Deutsche office in
Argentina, is no longer working at the bank, the source said on
Wednesday, after investigations into the fixing rate of the
Argentine peso against the U.S. dollar.
The source spoke on condition of anonymity because the investigation
is an internal bank matter and is continuing.
Starobinsky, reached through his Facebook account, declined to
When asked for comment, Deutsche Bank spokesperson Renee Calabro in
New York sent Reuters an email with the bank's recent response to
questions about the probes. In the statement Deutsche says it "has
received requests for information from regulatory authorities that
are investigating trading in the foreign exchange market." It said
that the "bank is cooperating with those investigations, and will
take disciplinary action with regards to individuals if merited."
Calabro declined to discuss specific action against any individuals.
Global financial regulators are looking into allegations that
traders at some of the world's biggest banks, including Deutsche
Bank, colluded to manipulate benchmark foreign-exchange rates used
to set the value of trillions of dollars of investments, or the
so-called WM/Reuters "fix".
Starobinsky is among four traders to have been let go by the bank in
connection with external and internal probes into trading practices
in the currency market.
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On Tuesday, it terminated Diego Moraiz, head of emerging markets
forex trading in New York, Robert Wallden, a director in the FX
trading unit, and Christopher Fahy, also a director who managed the
spot trading desk. All three forex traders were based in New York.
Moraiz, who is from Argentina, was asked to take leave by the bank
on December 18 after an external consulting firm hired by Deutsche
Bank examined emails and communications in chatrooms going back
seven years, the source said.
The firm is London-based Freshfields Bruckhaus Derringer, the source
said. Freshfields said in an emailed statement that it cannot
confirm or deny its involvement in Deutsche Bank's forex
Moraiz did not respond to several phone calls from Reuters.
Starobinsky was born in 1979 in Buenos Aires and graduated with a
degree in economics at the University of Buenos Aires. He also wrote
a book called "The New Superheroes."
(Reporting by Gertrude Chavez-Dreyfuss;
editing by Dan Burns and Grant McCool)
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