Finance

Deutsche Bank hires Moelis dealmaker Liddy as European expansion continues

Deutsche Bank has bolstered its European investment bank with a senior dealmaker from Moelis & Co, as the German lender continues to add to its ranks in the region. 

James Liddy will join the bank as head of gaming, lodging and leisure investment banking for Europe, the Middle East and Africa, the bank said in a statement. He has spent over 10 years at boutique Moelis, having joined as an analyst in 2011.

After a period of contraction, the German lender has been expanding its origination and advisory unit, with a focus on hiring senior dealmakers in Europe and building out its UK investment bank under new boss Daniel Ross, who joined from Barclays in May.

Derek Shakespeare, who was previously head of UK M&A at Barclays, joined Deutsche Bank as chairman of M&A for Europe, the Middle East and Africa in October. Lewis Burnett, co-head of corporate broking at BNP Paribas, was poached by the German lender to lead its UK corporate broking business a month earlier.

READ Deutsche UK’s dealmaking chief goes ‘old school’ to build out underweight team

Within its UK investment bank, Deutsche also added Abid Chaudhri, a managing director at BNP Paribas, and Ed McBride, who was previously at Citigroup, as senior dealmakers.

In the past three months, it has also hired Michael Longoni as vice chairman of tech, media and telecoms for Emea, Haziel Bamberger as a managing director covering technology companies in Emea and Christian Böhm from JPMorgan in Frankfurt.

The renewed expansion comes after Deutsche pulled back from certain parts of investment banking under a strategy review unveiled in July 2019, which saw a retreat from equity trading and will eventually result in around 18,000 job losses.

However, last year the bank posted record results within its investment bank and so far this year revenues in the unit are up 4% to €7.7bn.

Deutsche’s investment banking fees in Emea are up by 22% to $917m, according to data provider Dealogic, but the bank ranks 8th in the league tables, down from seventh at the same point in 2020.

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

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