Deutsche Bank promotes managing directors in the U.S.

Despite cutting roughly 1,000 jobs across its investment bank in the U.S. during 2018, Deutsche Bank still rewarded its better-performing staff with a series of promotions this month. The German lender didn’t immediately confirm the number of new U.S.-based managing directors that it appointed but the list is said to include roughly two to three dozen names.

New MDs as of this month include New York-based equities trading quant Jon Mah, debt capital markets specialist Lourdes Fisher, lead equity research analyst Nicole DeBlase, credit sales and trader Elizabeth Bodisch, and Richard Kleter, head of liquidity services in transaction banking technology. Longtime compliance officer Terry Coleman was also named MD, according to LinkedIn.

The partial list includes a wide range of backgrounds, though the equities appointments stand out as Deutsche Bank took a knife to the division as part of its recent restructuring. Sources close to the bank also told us that the firm is looking to selectively make a few senior-level hires in FX sales in New York. One recent addition is Maria Olson, a former director of corporate FX at Barclays who joined Deutsche Bank late last year. Expect more a few more moves to come.

Deutsche Bank promoted 63 people to managing director in Europe earlier this month – a similar number to last year, according to Financial News.

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