Deutsche's former head of FIG DCM just turned up at Deloitte
Jonathan Gold, Deutsche’s former managing director and co-head of financial institutions group (FIG) debt capital markets (DCM) for EMEA (Europe, the Middle East and Africa), has resurfaced at Deloitte after leaving the German bank in April.
Gold joined Deloitte as a managing partner for financial services advisory in London earlier this month after what appears to have been a long break.
Gold was one of the first to go at DB this year when former CEO John Cryan pulled the trigger on 250 jobs in the corporate and investment bank in February 2018. Reuters reported that Gold was one of several senior staff to get caught in Deutsche's "deeper than usual" annual cuts after revenues across origination and advisory business fell 3% in 2017. At the same time, Gerald Podobnik, Gold’s co-head, became the sole head of FIG. Two months later, in April 2018, Gold left the German bank, which he had joined in September 2011.
At Deloitte, Gold will deal with FIG M&A, strategic advice and FIG capital markets, making it a bigger job than the debt capital markets (DCM) role he previously occupied at Deutsche. Deutsche Bank, meanwhile, has lost numerous other members from its FIG team - many of whom have resigned voluntarily. Claire Brooskby, Christos Tomaras, Kris Triggle, Rainer Polster and the team leader Tadhg Flood have all quit Deutsche's FIG M&A business. Most now have jobs elsewhere. Flood, for example went straight to Centerview. Brooksby recently appeared at J.P. Morgan.
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