Hammes, who was hired from Merrill Lynch & Co. in 2005, left for personal reasons, the people said, declining to be identified because the details are private. A press officer for Deutsche Bank declined to comment, and Hammes couldn’t be reached.
Tadhg Flood, who co-heads the unit, will continue to run the banking team that advises financial institutions including insurers and reinsurers in Europe, one of the people said.
Deutsche Bank ranks fifth in providing advice on global financial-services mergers and acquisitions, according to data compiled by Bloomberg. It advised the U.K. government on the sale of lender Northern Rock Plc to billionaire Richard Branson’s Virgin Money Holdings for 747 million pounds ($1.18 billion) in November.
It’s also one of four firms advising on the 750 million- euro ($990 million) initial public offering this year of Talanx AG, Germany’s third-biggest insurer, people with knowledge of the plans have said.
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