Deutsche Bank board member Stephan Leithner, once a rising star at the company, is leaving to join private equity firm EQT Partners AB as Germany’s biggest bank reshapes its strategy and businesses, according to people with knowledge of the situation.
Bloomberg News reports that Leithner, who joined Deutsche Bank in 2000 in its advisory group and was promoted to the board in 2012, will join the Swedish buyout firm as a partner, said the people, who asked not to be identified because talks are private.
He will probably be based in Munich and help EQT continue growing European investments, they said.
In the meantime, The New York Times reports that one of Morgan Stanley’s top deal makers is leaving for BDT & Company, the merchant bank run by the man best known as Warren E. Buffett’s favorite banker.
BDT has hired Jim Head, a co-chief of Morgan Stanley’s mergers and acquisitions for the Americas, as a partner, people briefed on the matter said on Thursday.
Head will be the latest to join BDT, a combination of adviser and investor with a focus on advising some of the world’s wealthiest families.