Deutsche Bank’s Whittemore to Co-Head Americas M&A With Evans
Deutsche Bank AG (DB), Germany’s biggest lender, named Anthony Whittemore joint head of the mergers-and- acquisitions advisory business for the Americas, a bank spokesman confirmed.
Whittemore, 43, will begin his role next month, said Scott Helfman, a spokesman for the lender. Whittemore is returning from London, where he was chief operating officer for corporate finance for about 18 months, Helfman said.
Whittemore, along with co-head Bruce Evans, will oversee an M&A business that is the eighth-biggest for deals in the Americas this year, according to data compiled by Bloomberg. Deutsche Bank’s global M&A business, run by Henrik Aslaksen in London, brought in 573 euros ($823 million) in fees last year, or about 7.7 percent of the total revenue from the Frankfurt- based lender’s divisions.
Deutsche Bank hired Whittemore from New York-based Citigroup Inc. (C) in 2000 to be global head of telecommunications M&A. The New York Times, citing people it didn’t identify, reported at the time that he had a three-year pay package worth at least $18 million. Helfman declined to comment.
Whittemore is part of the Deutsche Bank team advising South Milwaukee, Wisconsin-based Bucyrus International Inc. (BUCY) on its planned $7.6 billion sale to Caterpillar Inc. (CAT) If the deal is completed, Deutsche Bank may collect a $21.3 million fee.
Armin von Falkenhayn will succeed Whittemore as chief operating officer for corporate finance.
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