Deutsche Bank strengthens Equity Syndicate teams globally
Deutsche Bank is facing one of the busiest deal pipelines it has ever seen, and has moved to strengthen its Equity Syndicate teams with several important new additions.
DB played a key role in two of last week’s biggest deals, among others: the ICBC IPO (the largest share flotation on record), and the €812 million Gagfah IPO. Commenting on the high deal flow, Sam Dean, head of Global Equity Syndicate, said, “It is hard to remember a time when there was so much ECM activity in all regions. Western Europe and the US are both seeing extremely high levels of activity, while Asia and CEEMEA have never been so busy. Russia, China, India and the Middle East are particularly exciting. The business mix is also extremely healthy with a very strong IPO pipeline, large capital raising related to M&A activity, substantial secondary sales, and sophisticated issuers looking for structured solutions.
“In that environment, a global approach is critical, and we will continue to add staff appropriately to deal with the increased deal flow which we see continuing for at least the medium-term.”
To help meet the demands of this deal flow, the bank has hired four new staff to its Equity Syndicate desks globally.
In the US, John Reed (previously at Wedbush Morgan Securities) has joined as the bank’s "International-to-US" Syndicate contact, reporting to Brad Miller. In Asia, Tom Bennett has joined from Citigroup in Europe and will be reporting to Jorge Munoz. Bennett starts in November. In London Deutsche Bank has made two internal transfers, with Stela Modrakovic joining from Equities Trading and Tim Ridgway moving within Equity Capital Markets from ECF to Syndicate, both reporting to Edward Sankey.
Sam Dean was recently appointed head of Global Equity Syndicate, reporting jointly to Rich Byrne and Ivor Dunbar, co-heads of Global Capital Markets.
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