Deutsche Bank 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. She has worked at Deutsche for 20 years, and 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.
Deutsche Bank also hired a senior dealmaker to focus on financial institutions as it continues to build out the unit as part of a broader expansion of its investment bank. Ian Wesson joined the German lender as a managing director within its financial institutions group M&A team. He spent 20 years at Citigroup, where he also worked within its FIG team.
The head of BNP Paribas’ leading European debt underwriting business is shifting to New York as part of a series of appointments to bolster its US investment bank. Mark Lynagh was named co-head of global capital markets for BNP Paribas’s business in the Americas as well as leading its investment-grade finance unit globally. He will lead the capital markets business in New York alongside Adnan Zuberi.
EY executives selected the head of its Americas financial services business as the new global chair to succeed Carmine Di Sibio, the architect of the failed split of its audit and advisory businesses, as the Big Four accounting firm works to move out of the shadows of the botched plan. Janet Truncale will be the first woman to serve as global chair and chief executive of the roughly 395,000-person firm, effective 1 July 2024.
Hollywood talent agency Creative Artists Agency and long-time deal maker Michael Klein are launching a new investment bank focused on sports, media and entertainment deals. CAA’s merchant bank, known as Evolution Media Capital, and advisory firm M Klein & Co are joining to form CAA Evolution. The combined firm aims to work on large media companies’ deals, sell sports teams and advise on capital raises including initial public offerings, little of which Evolution does currently.
Bim Afolami was appointed City minister in Prime Minister Rishi Sunak’s cabinet reshuffle. Afolami was named economic secretary to the Treasury — which carries the City brief — late on 13 November. Prior to entering politics Afolami was a senior executive at HSBC working on group corporate strategy and restructuring. He previously spent three years as an M&A lawyer at Magic Circle law firm Freshfields Bruckhaus Deringer, before moving to US law firm Simpson Thacher & Bartlett.
The man who refers to himself as “the Indiana Jones of emerging market investing”, Mark Mobius, said he will step back from the investment company he helped found five years ago. Known as a pioneer in emerging markets, Mobius will step back from Mobius Capital Partners, which he co-founded in 2018 with Carlos Hardenberg. Hardenberg will lead the firm that will continue to run Mobius Investment Trust, the closed-end fund that listed on the London Stock Exchange five years ago.
MFS Investment Management appointed Martina Jersakova as UK institutional sales director. She joined from Genesis Investment Management, where she served as senior relationship manager. Before that, she spent seven years with Baillie Gifford, working as a client relationship manager.
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