Discover your dream Career
For Recruiters

Senior Deutsche bankers race for the exits

One of Deutsche Bank’s most senior equity capital markets (ECM) bankers is joining HSBC.

Edward Sankey, Deutsche’s co-head of European ECM and global head of syndicate left yesterday for the rival bank. Sankey spent nearly 15 years at Deutsche Bank after joining from JPMorgan in 2004.

His apparent decision to leave the German bank comes as Deutsche is reportedly contemplating the closure of its equities business outside Europe, with the decision to be announced in July.

HSBC is making some cuts of its own, and has a particularly inefficient banking division according to research firm Tricumen. However, ex-JPMorgan banker Greg Guyett, who took over from Robin Phillips in February may want to put his own stamp on the business.

Deutsche has replaced Sankey with Josef Ritter, his German-focused co-head of ECM. The likelihood at Deutsche now is that other bankers will follow Sankey’s lead and get out before they’re pushed. Presuming that the German bank does indeed want to exit equities outside of Europe, this could be a good thing for DB. – It will at least save money on redundancy costs.

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor
  • Ga
    Garth
    18 June 2019

    The ships going down captain...

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.
Recommended Articles
Latest Jobs
State Street Corporation
Technical Lead, Vice President
State Street Corporation
Boston, United States
Larson Maddox
Employment Counsel
Larson Maddox
Washington, United States
Selby Jennings
Senior Associate, ITSM/CMDB Specialist
Selby Jennings
Boston, United States
Morgan Stanley
MSIM Operational Risk Management - Vice President
Morgan Stanley
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.