Deutsche Taps Barclays’s Ross to Run U.K. Investment Banking
Deutsche Bank AG has appointed a new head of investment banking coverage in the U.K. and Ireland.
Daniel Ross will join the German lender in September from Barclays Plc, where he was vice chairman of U.K. investment banking and global head of media, according to a statement Wednesday.
Based in London, Ross will report to Patrick Frowein and Berthold Fuerst, co-heads of investment banking coverage and advisory in Europe, the Middle East and Africa at Deutsche Bank.
The German group has also named Scott Bell chairman of its investment banking business in the U.K. and Ireland, in addition to his role as global co-head of consumer, according to an internal memo seen by Bloomberg News.
A representative for Deutsche Bank confirmed the contents of the memo.
Deutsche Bank ranks 15 for mergers and acquisitions advisory in the U.K. and Ireland this year, according to data compiled by Bloomberg. Its mandates in the regions have included a role advising TDR Capital and I Squared Capital on a 2.3 billion-pound ($3.2 billion) takeover for Aggreko Plc, one of the world’s biggest suppliers of portable power generators.
Last week it advised U.K. encryption software firm Arqit Ltd. on its decision to go public through a $1.4 billion merger with Centricus Acquisition Corp., the blank-check company led by former Deutsche Bank dealmaker Garth Ritchie.