Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Deutsche Bank Hires Barclays’s Benton for European Energy

June 10 (Bloomberg) -- Deutsche Bank AG hired Marc Benton to replace Michael Hafner as head of its European energy investment banking business.

Benton, who was formerly at Barclays Plc, will start work at Deutsche Bank in August and be based in London, the firm said in an internal memorandum obtained by Bloomberg. He was co-head of natural resources for Asia at Barclays in Hong Kong, working on deals involving state- backed China National Petroleum Corp. and China Petroleum & Chemical Corp., among other companies.

Hafner, an American who re-located to London in 2009, is leaving the company for another opportunity, according to the memo. A spokeswoman for Deutsche Bank, Germany’s largest lender, confirmed the contents of the document.

Large oil companies have mostly refrained from major acquisitions this year as they focus on cutting costs and reducing debt. The year’s biggest energy transaction was the $7.1 billion acquisition of RWE AG’s Dea oil and gas unit by AAR, an investment vehicle controlled by Russian billionaire Mikhail Fridman, which was advised by Deutsche Bank along with Morgan Stanley and Rothschild.

To contact the reporter on this story: Matthew Campbell in London at mcampbell39@bloomberg.net

To contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net Jon Menon, Steve Bailey

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.