Discover your dream Career
For Recruiters

Deutsche Bank managing directors in the U.S. depart for competitors

Image: Getty Images

Deutsche Bank has been shaking up the upper echelons of its investment bank on Wall Street and senior bankers have departed. However, managing directors are also taking the opportunity to depart for competitors.

Subhathra Pavan, who was a managing director in fixed income sales, has just taking a similar role at Mizhuo Americas. Pavan worked at Deutsche Bank for 15 years and departed in August.

Meanwhile, Tim King, a managing director and coverage banker focused on the consumer and retail banking market, has also left. King joined Wells Fargo as a managing director covering consumer products, based out of Chicago.

King joined Deutsche Bank in September 2014. Before this he spent over 15 years as a managing director at J.P. Morgan – initially in leveraged finance before moving across to a coverage investment banker role focused on consumer, retail and healthcare.

Despite the troubles engulfing Deutsche Bank, it has yet to unveil any significant job cuts within its investment bank. Senior investment bankers have departed in recent months anyway, both in the U.S. and in London. Managing directors were among those leaving.

But its U.S. operation in particular has been subject to change at the top. Most recently, it promoted Mark Fedorcik, head of debt capital markets, to head of its corporate and investment bank, replacing Paul Stefanick, who was bumped up to chairman of the division.

In July, Charlie Dupree was promoted to lead Deutsche’s Americas M&A team. He replaced Jim Ratigan, who left the bank. Around the same time, Tony Whittermore, co-head of Americas M&A, left to join Barclays as executive chairman of its M&A division in the region.

Separately, Rhomaios Ram, who was most recently a managing director at Deutsche Bank and founding partner of its digital bank, has also left. Ram established a news internal ‘challenger bank’ with the idea of being to create a digitally-focused firm with a modern technology infrastructure.

Ram held this role since December, but departs Deutsche Bank after more than 22 years in various roles including head of transaction banking for the UK and Ireland, head of electronic distribution for its markets business and European head of currencies and commodities.

Contact: pclarke@efinancialcareers.com

author-card-avatar
AUTHORPaul Clarke

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
State Street Corporation
Senior Software Engineer II, Charles River Development, AVP
State Street Corporation
Burlington, United States
State Street Corporation
IT Finance Analyst - Budget Planning and Tracking, AVP
State Street Corporation
Princeton, United States
State Street Corporation
Regulatory Exam Lead, Vice President
State Street Corporation
Boston, United States
Morgan Stanley
National Risk Officer
Morgan Stanley
San Francisco, United States
BNY  Mellon
Vice President, Controller
BNY Mellon
Lake Mary, United States
Robert Half - US
Financial Analyst Senior Associate - Broker Dealer
Robert Half - US
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.