Deutsche Bank Names Ex-EDF CFO Thomas Piquemal to Lead M&A

  • Lender expanding corporate finance to trim debt trading focus
  • Piquemal quit EDF to highlight risk of U.K. nuclear project

Deutsche Bank AG hired Thomas Piquemal as head of global mergers and acquisitions and chairman of corporate and investment banking in France.

Piquemal, 47, who quit as chief financial officer of French utility Electricite de France SA in March, will be based in Paris and report to corporate and investment banking chief Jeff Urwin, Frankfurt-based Deutsche Bank said Monday in a statement.

Deutsche Bank is seeking to expand its business advising on deals and running share sales as part of a plan to trim its focus on capital-intensive debt trading. The hire is the latest in a series of additions in corporate finance and comes almost a year after Henrik Aslaksen, Piquemal’s predecessor, left the company.

Deutsche Bank is ranked 11th in advising on completed or pending deals announced this year, according to data compiled by Bloomberg. Goldman Sachs Group Inc. is in the top spot, followed by Morgan Stanley and JPMorgan Chase & Co. The German bank is ranked seventh in Europe.

Advisory Revenue

In recent months, the bank has advised Anheuser-Busch InBev NV on its $105 billion takeover of SABMiller Plc, and Shire Plc on its $32 billion offer for Baxalta Inc.

Deutsche Bank’s advisory revenue rose 4 percent to 151 million euros ($171 million) in the first quarter from a year earlier as income from transactions that closed in the period compensated for a decline in the wider fee pool. Revenue from trading fixed income and currencies, the lender’s biggest source of income, fell 29 percent to 2.05 billion euros over the same period.

Prior to joining EDF, Piquemal worked at Veolia Environnement SA and as a partner at Lazard Ltd. He said that he quit the French electricity generator to highlight the risks of proceeding with an 18 billion-pound ($26 billion) U.K. nuclear power project without additional financing.

Earlier this month, Deutsche Bank said it promoted Darren Campili to global co-head of its health-care investment banking coverage, sharing the role with Michael Cohen. That followed the company’s announcement last year that it was adding Alasdair Warren from Goldman Sachs as head of corporate and investment banking in Europe, the Middle East and Africa.

(An earlier version of this story was corrected to fix the spelling of Urwin in the second paragraph.)

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