Deutsche Bank has to cope with the departure of its most important dealmaker in New York.
Drew Goldman, who worked for Deutsche Bank for almost 23 years, most recently as Global Head of Investment Banking Coverage and Advisory, is looking for a role outside of the banking sector.
According to reports, Drew is going to the Abu Dhabi Investment Authority (ADIA), Abu Dhabi's sovereign wealth fund.
Goldman's tasks at Deutsche Bank are to be taken over by regional heads of investment banking, according to an internal document available to the FAZ and first reported by the Reuters agency.
Accordingly, the previous co-head of corporate acquisitions and acquisitions (M&A), Bruce Evans, will now take over the management of investment banking coverage and advisory in America.
Hanno Mussler
Editor in Business.
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Berthold Fürst and Henrik Johnsson remain responsible for this in Europe, and Mayooran Elalingam in Asia.
Recently, companies have hardly dared to make any acquisitions in view of the war in Russia and rising interest rates.
It will be seen on Wednesday to what extent the bank's M&A advice has suffered under these more difficult conditions.
Then Deutsche Bank will present its business figures for the second quarter.