Goldman Sachs's Alasdair Warren Said to Join Deutsche Bankby and
Warren to be head of Europe corporate and investment banking
Alison Mass will now be global head of sponsors at Goldman
Alasdair Warren is leaving Goldman Sachs Group Inc. after about 10 years, to join Deutsche Bank AG as head of corporate and investment banking in Europe, according to a person with knowledge of the matter.
Warren, who was most recently global co-head of financial sponsors at the U.S. bank, will take on his new position next year and remain in London, said the person, who asked not to be identified because the details aren’t public. Officials for both banks declined to comment.
Deutsche Bank is replacing senior managers who helped build the company’s securities unit and cutting the bonus pool for its investment bank by as much as 500 million euros ($551 million) as co-Chief Executive Officer John Cryan seeks to control costs, people with knowledge of the matter have said.
The bank promoted Jeff Urwin, who joined from JPMorgan Chase & Co. earlier this year, as the head of a newly formed corporate and investment bank unit that will include transaction banking, it said in October. Garth Ritchie, the head of equities, will become head of a separate markets unit, Deutsche Bank has said.
Under Warren, Goldman Sachs advised on some of the biggest private-equity mergers and initial public offerings in Europe this year, including Worldpay Group Plc’s 2.2 billion-pound ($3.4 billion) offering in London and South African billionaire Christo Wiese’s investment company, Brait SE, buying a 90 percent stake in U.K. retailer New Look for 780 million pounds.
Goldman Sachs on Monday appointed Rob Pulford as head of the financial sponsors group in Europe, the Middle East and Africa, according to an internal memo confirmed by a spokesman for the bank. Pulford joined the firm as managing director in 2007 and was named partner last year. Alison Mass will now be global head of sponsors.