- He will help identify new investments for firm in Europe
- Krause was one of several executives who left bank last year
Ex-Deutsche Bank AG Chief Financial Officer Stefan Krause is joining Warburg Pincus LLC as a senior adviser, the second former executive of the lender to be hired by a buyout firm in the past year.
Krause, 53, will help the New York-based private-equity firm identify and evaluate new investments in Europe, according to an e-mailed statement Wednesday.
His hiring follows Stephan Leithner, the head of compliance and chief executive officer for Europe excluding Germany and the U.K., who left to join private-equity firm EQT last year. Krause was one of several executives at Deutsche Bank who exited the firm in October after co-CEO Anshu Jain was replaced by John Cryan. Former Goldman Sachs Group Inc. partner Marcus Schenck succeeded Krause as CFO of the German lender in May 2015.
Krause joined Deutsche Bank as CFO from Bayerische Motoren Werke AG in 2008, where he served as finance chief for five years.