NEW YORK, Jul 25 (Reuters) – Deutsche Bank’s top dealmaker in New York, Drew Goldman, is stepping down. His duties will be replaced by regional heads of investment banking, according to an internal document available to Reuters on Monday. A spokesman for the bank confirmed the information. Goldman looks back on a 22-year career at the largest German financial institution and was most recently Global Head of Investment Banking Coverage and Advisory. Now he wants to take on new challenges outside of investment banking, said Mark Fedorcik, co-head of investment banking at the institute.
Former co-head of M&A deals, Bruce Evans, will now lead the Americas investment banking coverage and advisory practice. Evans is also considered an industry veteran with 15 years of experience at Deutsche Bank. He has managed the M&A business as co-head since last year. In Europe, Berthold Fürst and Henrik Johnsson are responsible for investment banking coverage and advisory. In Asia, Mayooran Elalingam is responsible for the area.
The restructuring coincides with a drastic deterioration in the business situation in the M&A business. Like many of its competitors, the German industry leader is feeling the decline in global M&A business. Market volatility and uncertainty caused by the war in Ukraine and interest rate hikes have derailed proposed mergers and acquisitions in recent months.
Chief dealmaker in New York is leaving Deutsche Bank
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