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Deutsche Bank Hires BMO’s Keirstead to Lead Software Research

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The logo for Deutsche Bank AG, continental Europe's biggest bank, is seen on the company's headquarters in Frankfurt. Photographer: Krisztian Bocsi/Bloomberg

Oct. 8 (Bloomberg) -- Deutsche Bank AG, Europe’s biggest investment bank by revenue, hired Karl Keirstead as an equity analyst heading research of the U.S. software industry.

Keirstead, who will start as a director in December, previously covered software at BMO Capital Markets, Frankfurt-based Deutsche Bank said today in an e-mailed statement. He’ll be based in New York and report to Steve Pollard, head of research for the Americas, the company said.

“Karl is a seasoned analyst possessing a blend of broad technical skills, deep fundamental insights and extensive corporate relationships,” Pollard said in the statement.

Keirstead started in 2010 at Bank of Montreal’s capital markets unit, where he was a managing director, according to his profile on LinkedIn Corp.’s website. From 2007 to 2010, he worked as a senior equity analyst at Kaufman Bros. LP.

Keirstead began his equity-research career at Lehman Brothers Holdings Inc. in 1996 covering information technology services, according to the statement. He’s listed in Institutional Investor magazine’s all-America research team rankings in 2001 and 2002, Deutsche Bank said.

Tom Ernst, who previously covered software at Deutsche Bank, joined Goldman Sachs Group Inc. in July to help lead software investment banking, according to his LinkedIn profile.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; Christine Harper at charper@bloomberg.net

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