Deutsche Bank hires senior dealmakers from rivals – memo
6:11 am Wednesday, June 14th, 2023
By Pablo Mayo Cerqueiro
LONDON (Reuters) – Deutsche Bank has added three senior dealmakers to its team of bankers advising other financial institutions, such as insurance companies and lenders, according to a memo seen by Reuters on Wednesday and confirmed by a company spokesperson.
It has hired Marie-Soazic Geffroy as global co-head of its Financial Institutions Group (FIG) from Perella Weinberg Partners. Based in Paris, she will lead the industry group alongside Jeff Cady, who is set to join the bank in New York from Citigroup.
The bank has also appointed Chris Williams as FIG chairman for Europe, the Middle East and Africa (EMEA). He was vice chair of investment banking and capital markets in the region at Credit Suisse.
Citigroup’s Aaron Saperstein is also set to join Deutsche Bank in New York as head of diversified financials, covering speciality finance companies and financial technology lenders.
Revenues at Deutsche Bank’s investment banking arm dropped 19% to 2.7 billion euros ($2.9 billion) in the first quarter from the same period last year, the bank said in April.
Income from origination and advisory was down 31%, reflecting lower activity, it added in its first-quarter results.
($1 = 0.9257 euros)
(Reporting by Pablo Mayo Cerqueiro; Additional reporting by Stefania Spezzati; Editing by Mark Potter)
