Published: February 26, 2015
Bank poaches JP Morgan’s global banking co-head for investment banking post.
Deutsche Bank has hired Jeff Urwin as co-head of corporate banking and securities and head of corporate finance.
Based in New York, he’ll oversee the division alongside Colin Fan, based in London, and report to Anshu Jain, the bank’s co-chief executive.
The German bank has poached Urwin from JP Morgan, where he was co-head of global banking. Urwin joined JP Morgan in 2008 as part of the bank’s acquisition of Bear Stearns, where he worked since 1996.
Deutsche and JP Morgan slugged it out at the top of the European league tables for investment banking revenue last year. JP Morgan topped the Dealogic tables for M&A, equity capital markets and overall investment banking, while deutsche led the way in syndicated loans and debt capital markets, placing second for overall revenue.
Urwin fills a post at Deutsche vacated by Robert Rankin, who left the bank in January to become chief executive of Australian investment holding company Consolidated Press Holdings. Under Rankin’s watch, Deutsche won a record share of the global corporate finance market.