Deutsche Bank has promoted two long-standing dealmakers to co-head its capital markets business in Europe, as the German lender ups its dealmaking ambitions.
Hoby Buvat, who has been leading its leveraged finance unit in Europe, the Middle East and Africa and Mark Lewellen, head of debt capital markets in the region, have taken on the new roles.
The duo are set to become co-heads of capital markets in Emea, a spokesperson confirmed to Financial News. This unit includes DCM, leveraged finance and its strategic equity transactions group.
They will report to Henrik Johnsson, co-head of investment banking in Emea.
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Deutsche Bank is revamping its investment banking team, with the goal of supplanting European rivals in Emea and gaining market share within M&A and equity capital markets, executives have told FN.
It has been on a hiring spree of senior dealmakers even as competitors have made deep cuts to their teams, taking on 50 bankers so far this year. Deutsche Bank also acquired City broker Numis in April for £410m, which will more than triple its UK dealmaking team to around 150 people.
Robert Plowman, who was latterly co-head of consumer products investment banking for Europe, the Middle East and Africa at Citi in London, joined Deutsche in June alongside William Mansfield and Rumesh Rajendram from Credit Suisse. Meanwhile, it also added a trio of bankers for its financial institutions group including Marie-Soazic Geffroy from Perella Weinberg to lead the unit globally.
Freya van Oorsouw also joined in May as co-global head of financial sponsors based in London.
“I am confident that the changes announced, alongside the benefits of the Numis acquisition, will leave us even better equipped to continue our encouraging progress,” Johnsson said in a statement.
Fabrizio Campelli, head of Deutsche’s corporate bank and investment bank, told Financial News previously that the hiring spree was largely complete and that the new recruits were taken on “at terms that were particularly attractive compared to the challenge of taking on that talent two or three years ago”.
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