Macquarie said to hire an equities MD from Deutsche Bank in London
Macquarie did it again. Fresh from hiring Matthew Rubens, a former managing director at BTIG and Goldman Sachs in April, the Australian bank is now understood to have recruited Matthew Randall, a managing director from Deutsche's equities team in London.
Macquarie declined to comment on Randall's apparent move and he himself didn't respond to our enquiries as to his whereabouts. However, Deutsche colleagues confirmed that he left this week.
Randall's Macquarie migration comes as the Australian bank is building its London equities business under Daniel Kaye, whom it hired from Credit Suisse in November. It also comes as Deutsche Bank is subjecting its global equities business to scrutiny by the board as it decides how to proceed strategically under its new CEO.
Randall spent nearly 13 years at Deutsche Bank in London after joining from ABN AMRO in 2005. Most recently, he was in charge of the pan-European sales team selling into UK accounts. He's not the only Deutsche Bank equities professional to land a new job this month. - As we reported yesterday, David Liberatore, a former DB sales trader who quit in February, just turned up at Cantor Fitzgerald in New York, where ex-Deutsche CEO Anshu Jain is now president.
Macquarie is rumoured to be paying handsomely to attract equities staff. At Deutsche Bank, meanwhile, doubts are creeping in about the likely generosity of the new CEO, who comes from a retail banking background.
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