Deutsche Bank promoted Mark Fedorcik to head of leveraged capital markets, responsible for leveraged finance, high yield, loan capital markets and loan trading and sales businesses globally. He was U.S. head of high yield and leveraged loan capital markets.
Fedorcik replaces David Flannery, who left in August to take the same role at Bank of America.
According to Leveraged Finance News, the move is part of a complete overhaul in Deutsche Bank's capital markets group. The bank also named new global heads in debt and equity, with Miles Millard becoming global head of debt capital markets and Sam Dean and Mark Hantho sharing the role of global co-heads of equity capital markets. Dean was global head of the equity capital markets syndicate and head of Europe, Middle East and Africa ECM, while Hantho led the firm's equity capital markets for the Americas.
Fedorcik and the capital markets team report to Ivor Dunbar and Richard Byrne. The two men replaced Thomas Gahan in April and jointly run Deutsche Bank's global capital markets unit.
The past year has seen Deutsche Bank replace a number of key executives as it seeks to offer clients global alternatives and moves away from a regionalized structure. In March the bank named Henrik Aslaksen and Brett Olsher as co-heads of global mergers and acquisitions. And earlier it added four regional heads to spearhead the firm's growth efforts in the Americas, EMEA, Japan and Asia Pacific.