Deutsche Bank Enlarges Financial Institutions Business With New Executives From Bank Of America

Deutsche Bank makes 12 new hires in the firm's Financial Institutions Group in its Global Banking division. The additions comprise six Managing Directors as well as a number of Directors, Vice Presidents and Associates, focused on banks and asset management

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Deutsche Bank makes 12 new hires in the firm’s Financial Institutions Group in its Global Banking division.

The additions comprise six Managing Directors as well as a number of Directors, Vice Presidents and Associates, focused on banks and asset management client coverage. The new hires will be located in New York, London and Hong Kong.

The four senior hires are Eric Heaton, David Heaton, Richard Slimmon and Richard Gibb. Eric and David will join as Managing Directors in New York, while Richard Slimmon and Richard Gibb will join as Managing Directors in London and Hong Kong, respectively.

Also in New York, Seth Heaton and Venkat Badinehal will join as Managing Directors along with Jason Braunstein, who will join as a Director.

The team will report to Jorge Calderon, Co-Head of Global Corporate Finance Coverage and Global Head of the Financial Institutions Group at Deutsche Bank.

Eric Heaton most recently has served as the Treasurer for Merrill Lynch. Prior to that role, he was Co-Head of Americas Financial Institutions, specializing in US depository institutions. David Heaton was recently the Head of Global Asset Management Investment Banking at Merrill Lynch.

At Merrill Lynch, Richard Slimmon was a senior banker in the European Financial Institutions Investment Banking group. Richard Gibb was the Head of Financial Institutions, Asia Pacific and Australia in addition to serving as Head of the Financial Sponsors Group for Asia Pacific at Merrill Lynch.

Furthermore, Seth Heaton, Venkat Badinehal and Jason Braunstein all served in FIG Investment Banking at Merrill Lynch where they held coverage responsibility for US depository institutions, including regional and super-regional banks as well as US affiliates of European banks.

“These appointments are a confirmation of Deutsche Bank’s commitment to the future of its Financial Institutions business, where we are certain to see continued growth in coming years,” says Michael Cohrs, head of Global Banking, Deutsche Bank.

“These individuals bring tremendous experience and leadership to our FIG platform,” says Jorge Calderon, co-head of Global Corporate Finance Coverage and global head of the Financial Institutions Group, Deutsche Bank. “The team comprises one of the most seasoned Depository Institutions coverage groups in the marketplace.”

L.D.

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