Deutsche Bank Hires Cetin From Goldman for European Bankingby and
Charlie Cetin will start in August and be based in London
He’ll be co-head coverage strategy, client accountability
Deutsche Bank AG hired Charlie Cetin from Goldman Sachs Group Inc. to oversee and expand business with key clients at the corporate and investment banking division across Europe, the Middle East and Africa.
Cetin will join in August as co-head of corporate and investment banking coverage strategy and client accountability for EMEA and be based in London, according to a Deutsche Bank spokeswoman. He will work alongside Niels Ackerman and report to Alasdair Warren, the head of corporate and investment banking for the region.
As a senior managing director at Goldman, Cetin was responsible for covering several corporate, government and financial sponsor clients. He was also a member of the team responsible for setting Goldman’s client coverage strategy as well as the bank’s chief country officer in Turkey.
The hire is Deutsche Bank’s latest move to revamp its investment banking business. Last month, Deutsche Bank hired Thomas Piquemal as head of global mergers and acquisitions. Piquemal had been chief financial officer of French utility Electricite de France SA.
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. It ranks ninth in advisory league tables, which are led by Goldman, according to data compiled by Bloomberg.