Deutsche Bank Reshuffles Top Ranks of Investment Bank

As part of the changes Jeff Urwin, who previously was co-head of the investment bank, was named sole head of the corporate and investment bank.

Prior to his current role at Goldman, Alasdair was Head of the Financial Sponsors Group in EMEA and Head of EMEA Equity Capital Markets and Equity Derivatives in addition to leading Goldman’s United Kingdom investment banking business.

Deutsche Bank, which operates Europe’s largest investment bank, is reshuffling executives as it prepares to cut its client list by half and retreat from activities around the world.

Deutsche Bank also said the co-head of corporate finance for Europe, Middle East and Africa Miles Millard will be leaving after 27 years with the firm.

Veteran U.S. P-E adviser John Eydenberg is becoming vice-chairman of CIB in the Americas.

All primary debt and treasury businesses will be consolidated under debt capital markets, while transaction banking, which is also part of the unit, will be run by Werner Steinmueller.

Berthold Fuerst and Richard Sheppard are expected to be appointed co-heads of M&A for Europe, Middle East and Africa, according to a person familiar with the situation.

Reuters previously reported that the German bank could announce the new team as soon as this week.

One big hole left to fill: A new head of global M&A following the exit of Henrik Aslaksen.

The massive restructuring initiated by the bank’s new chief John Cryan has resulted in London-based Ram Nayak has been appointed as the global head of a new fixed income and currency trading division.

Lisa Robins, now head of global transaction banking for Asia Pacific, will also become vice chair of the corporate and investment bank in the region. Bankers will be encouraged to focus on fewer clients.

As part of its revamp, the bank plans to slash as many as 35,000 jobs over the next two years, shut operations in 10 countries and reduce the number of investment banking clients.