Deutsche Bank has promoted a fixed income veteran to lead its business in the UK and Ireland, replacing Tiina Lee who left for Citigroup earlier this year.
Vathany Vijayaratna is now chief executive for the UK and Ireland at the German lender, it said in a statement announcing her appointment. A 2o-year veteran of Deutsche, she was previously global head of structuring within its fixed income and currencies division, and was most recently head of non-financial risk for its investment bank.
Vijayaratna takes the role from Lee, who has now made the switch to lead Citigroup’s UK operations after her appointment was announced in July. Lee takes charge of 15,000 UK employees at Citigroup, having spent 26 years at Deutsche Bank, five leading its UK and Ireland operations.
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Vijayaratna will report into Fabrizio Campelli, head of its investment bank and corporate bank, who also oversees the UK and Ireland.
“I am honoured to take on the role of CEO at this exciting time for the bank’s UKI business and I am looking forward to working with our outstanding team to deliver on the opportunities for growth in the region and support our clients’ needs,” Vijayaratna said in a statement.
Deutsche is making a fresh push into the UK investment banking market, having acquired City broker Numis for £410m in April. The move will see Deutsche’s UK investment banking team swell to 155 dealmakers and comes amid a broader expansion of its investment bank.
Deutsche named Nicola Atkinson interim chief executive in July after Lee’s departure was announced. She joined Deutsche Bank in 2005 and was chief operating officer of its UK and Ireland business. She remains as COO of UK and Ireland, with Campelli saying in a memo to staff that she “will play an ongoing critical role in continuing to shape the UKI agenda”.
The German lender employs 7,500 staff across London, Birmingham and Dublin.
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