Deutsche Bank global M&A head resigns

In what is being described as a shock move, global head of mergers and acquisitions, Henrik Aslaksen, is leaving German firm Deutsche Bank after working there for 13 years.

This follows reports of two Deutsche Bank CEOs resigning after being involved in legal disputes last month. Other senior departures include former global markets banker and UK chief executive for the bank, Colin Grassie, alongside co-chief for the Asia Pacific region, Alan Cloete.

Aslaksen’s departure was announced in an internal memo, according to The Wall Street Journal, and it also said that Paul Stefanik would remain as the global head of investment banking and advisory coverage and the bank are looking to expand their M&A business all over the world.

Seen to be one of Europe’s leading dealmakers, Aslaksen has led M&As for Deutsche Bank since 2007. In 2012, he became responsible for corporate finance in the EMEA region and was named the co-head for global investment banking coverage and advisory the year after.

This news also comes after reports of former JPMorgan global banking co-head Jeff Unwin being appointed as co-lead of corporate banking and securities for Deutsche Bank in New York.