Bloomberg News reports that Deutsche Bank hired James McMurdo from Goldman Sachs as chief executive officer for its Australian and New Zealand business to replace John Macfarlane, who retires in early 2014.
McMurdo was most recently a partner at Goldman Sachs in London, where he headed the financial sponsors group for Europe, the Middle East and Africa. He will report to Gunit Chadha and Alan Cloete, co-chief executive officers for the Asia-Pacific region, Deutsche Bank said in an e-mailed statement. McMurdo’s appointment is effective from February.
'James McMurdo is one of the most respected bankers in this key growth market for Deutsche Bank,' Chada said in today’s statement. 'He brings great depth of experience to this important role and is best suited to help grow our strong position across all our client businesses.'
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