Bloomberg News reports that Frowein, most recently co-head of global industrials, and Fuerst, the co-head of mergers and acquisitions in Europe, the Middle East and Africa, will focus on providing investment banking products and advice to clients in German-speaking countries, according to an e-mailed statement from the lender.
Richard Sheppard will take over as global co-head of industrials in corporate finance, according to an internal memo seen by Bloomberg News and confirmed by a spokesman. He and Fuerst had been named co-heads for EMEA M&A in November. Thomas Piquemal, who was hired as the head of global M&A from French utility Electricite de France SA in May, will maintain his current position and assume responsibility for European deals as well.
In addition, James Arculus will become head of U.K. M&A and Carsten Laux was named head of German deals, according to a memo.
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