Finance

Deutsche Bank corporate broking vice-chair Collingridge departs

A senior corporate broking veteran at Deutsche Bank, who co-led the unit temporarily after its former head departed, has left the German lender.

Neil Collingridge, who joined Deutsche as vice-chair of UK corporate broking in 2015, is departing as part of the latest senior level changes at the unit, according to people familiar with the move.

Collingridge co-headed Deutsche’s UK corporate broking business on a temporary basis alongside Charles Wilkinson after the departure of Matt Hall, who left for Credit Suisse as vice-chair in April last year. He joined from Jefferies in 2015 where he was a managing director and has also worked for Royal Bank of Scotland.

A Deutsche Bank spokesperson declined to comment.

READ Citigroup hires Bank of America’s Richard Abel for corporate broking in UK push

Deutsche Bank hired Lewis Burnett from BNP Paribas to head up its corporate broking team in September as part of a broader push in the UK under Daniel Ross, who leads its origination and advisory business in the country.

Burnett joined BNP Paribas from Credit Suisse in 2018 to kick-start a corporate broking business at the French bank alongside Andrew Forrester, who was also hired from the Swiss bank. Burnett’s hire by Deutsche was reported by FN in September.

He told FN in February that there was a “huge opportunity” in UK investment banking for Deutsche and that corporate broking was a key part of that. Deutsche Bank also hired Paul Frankfurt and Chris Byrne from BNP Paribas as managing directors in November to further bolster its UK corporate broking business.

Corporate broking is a uniquely British phenomenon where dealmakers offer advice to the C-suite of UK plc often for a nominal fee. But it is key to securing more lucrative investment banking mandates down the line in the country and an area many banks have made key hires in recent months.

In March, Citigroup hired Richard Abel from Bank of America as a managing director in its corporate broking team, part of a broader ambition to take market share in the UK.

To contact the author of this story with feedback or news, email Paul Clarke

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