Troy Dixon is a managing director who trades mortgage bonds at lender Deutsche Bank AG. After almost eight years of service, Dixon would leave the company as he planned to start his own fund. This was according to two sources that were familiar with the matter.

According to sources, Dixon had left the Frankfurt, Germany based lender this week. The sources spoke in condition of anonymity as the move was held private in nature. Dixon would be replaced by Christopher Babu who joined the company last 2005, said one source.

Dixon refused to comment regarding his exit from the company and his plans to set up a new fund. A representative from Deutsche Bank also declined to comment regarding the report.

The 42 year old Dixon had joined former Deutsche Bank traders Greg Lippmann and Boaz Weinstein in exiting the company to start their own hedge funds. Lippmann is now working at LibreMax Capital LLC while Weinstein had transferred to Saba Capital Management LP.