Deutsche Bank said three senior investment bankers are departing as the bank retreats in the advisory and underwriting businesses.
Bloomberg News reports that Alasdair Warren, who helped run the firm’s investment bank in Europe, as well as Scott Sartorius and Christopher Blum, the two heads of its U.S. leveraged finance business, are leaving, according to separate memos to staff.
In the meantime, Reuters reports that Deutsche Bank has named a pair of new co-heads of U.S. leveraged finance replacing Sartorius and Blum.
Ian Dorrington and Manfred Affenzeller will serve as the new co-heads of U.S. leveraged finance and report to Sean Murphy, who is co-head of global leveraged debt capital markets. The story was first reported by Business Insider.