Deutsche Bank said yesterday that Robert Karofsky, its co-head of equity sales and trading worldwide, is taking a leave of absence for personal reasons for an indefinite period of time.
Garth Ritchie, the other co-head of equity sales and trading, will oversee the group during Karofsky’s leave, Deutsche Bank spokesman Ted Meyer said yesterday.
Ritchie will be aided by Barry Bausano, Deutsche Bank’s co-head of its global prime finance business.
Bausano is taking on an additional role as head of global markets equity for the Americas, Meyer said.
He would not comment further on the reasons for Karofsky’s absence.