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Is this why Deutsche Bank paid big money for Alasdair Warren from Goldman Sachs?

Alasdair Warren Deutsche

Deutsche Bank will very soon have a new head of investment banking in EMEA. The German bank has tapped Alasdair Warren from Goldman Sachs and Warren has responded to its advances despite the lateness of the year (and consequent nearness of bonuses), despite being a partner at Goldman Sachs, and despite being promoted to global co-head of the financial institutions group (FIG) by Goldman only last February.

Headhunters in London suggest Deutsche must have lured Warren with the sort of guaranteed bonus rarely seen in London nowadays. “Someone like Alasdair Warren will be on $4m to $5m a year,” said the founder of one M&A search boutique.

The German bank doesn’t comment on pay, but Warren will need to work hard for his cash. Deutsche plans to focus on M&A under its new Strategy 2020, but it’s been intermittently focusing on M&A for sometime and – as the chart below shows, it hasn’t made much progress. Since the glory days of 2010 and 2011, Deutsche’s position on the Dealogic EMEA M&A league tables hasn’t been great.

Meanwhile, Deutsche is barely on the radar for Warren’s specialist sector, having ranked 9th for EMEA financials M&A so far this year. This is at least better than the bank’s position in EMEA healthcare and technology, however, where it ranks 21st and 23rd respectively.

 

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