Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it has hired Jeff Urwin, 59, as Co-Head of Corporate Banking & Securities and Head of Corporate Finance. Urwin will become a member of the Group Executive Committee and be based in New Y
Urwin will join Deutsche Bank from J.P. Morgan where he is Co-Head of Global Banking. Urwin joined J.P. Morgan in 2008 as part of its acquisition of Bear Stearns which he joined in 1996.
Urwin will lead Deutsche Bank’s investment banking division together with Colin Fan, 42, Co-Head of Corporate Banking & Securities and Head of Markets. Urwin succeeds Robert Rankin, who departed Deutsche Bank earlier this year to become Chief Executive Officer of Consolidated Press Holdings, an Australian investment holding company. Urwin will report to Anshu Jain, Co-Chief Executive Officer of Deutsche Bank.
In 2014 Deutsche Bank achieved a record market share across corporate finance products. For the year, Deutsche Bank ranked top five globally with a record market share of 5.4% (Dealogic).
Anshu Jain, Co-Chief Executive Officer of Deutsche Bank, said: “I am pleased to welcome Jeff to Deutsche Bank. He is a trusted, long-time advisor to clients and an experienced team leader. Jeff’s decision to join us underscores our commitment to being a client-centric bank.”
Jeff Urwin, Co-Head of Corporate Banking & Securities and Head of Corporate Finance at Deutsche Bank, said: “I am excited by the opportunity to join Deutsche Bank and to work with my new colleagues whose commitment to client advisory work is evident. I thank my colleagues at J.P. Morgan for their enduring partnership and professionalism and wish them well.”
For further information please contact:
Deutsche Bank AG
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Deutsche Bank is a leading client-centric global universal bank serving 28 million clients worldwide. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2014 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.