Deutsche Bank is emerging from a self-imposed hiring freeze and has a renewed enthusiasm for hiring in senior bankers – especially in the U.S.
The latest major hire in the U.S. is not in advisory, however, but is instead a commercial mortgage-backed securities (CMBS) specialist who has returned to the German bank after a year’s hiatus at Wells Fargo.
Bill Moyer joined Deutsche Bank earlier this month as a managing director in its real estate and CMBS desk. He left Deutsche only in March last year for a director role at Wells Fargo Securities in Los Angeles. Moyers latest move is an exercise in gaming your former employer for an elusive senior promotion – he spent nine years working for Deutsche Bank before his exit in 2016, but only reached director level. A year later and he’s returned as an MD.
Deutsche Bank has been making some major new hires in the U.S, in recent months despite its supposed hiring frost. It brought in David Silber from Citigroup to head up its equity derivatives division in the Americas, and also brought in Lori Arndt as global head of equity strategy as well as Christopher McCarthy as a director in global credit trading.
But it’s in the investment banking division that Deutsche Bank has really been building up steam in the U.S. Yesterday it announced that it had hired Philip Pucciarelli and Robert Verdier as senior healthcare investment bankers from BMO Capital Markets. Mark Fedorcik, head of corporate and investment banking for the Americas at Deutsche Bank, said the hires were part of “Deutsche Bank’s overall opportunity to grow its business in the US”. This follows the appointment of Glenn Rewick, most recently head of healthcare M&A for UBS as a managing director in its San Francisco healthcare team and Adora Whitaker as a managing director in Financial Institutions Group (FIG).