Deutsche Bank said it hired Paul Stefanick, the chairman of Merrill Lynch's global mergers and acquisitions group, to head its global industrials group. Stefanick will join Deutsche Bank in New York in January 2009 and report to Jacques Brand, co-head of global industry coverage.
In his 20 years at Merrill, Stefanick advised on divestitures, recapitalizations and other transactions in the industrials and technology sectors globally. He is a graduate of the University of Notre Dame and the University of Pennsylvania's Wharton School.
The announcement follows other Deutsche hires in M&A and industrials. In June the bank said it hired Randy Kurtz from Credit Suisse to head corporate finance coverage in the Midwest region, and Frank Oelerich from Morgan Stanley, as head of Midwest M&A.