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Deutsche Bank names new CFO, extends CEO term in management shake-up

Investment Banking Editor

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Deutsche Bank has hired a Morgan Stanley veteran to become its next chief financial officer and handed its CEO Christian Sewing another four years in the role in a senior management shake-up. 

Raja Akram is joining Deutsche as CFO from October, the bank said in a statement, replacing James von Moltke, who has held the role for the past eight years and who was seen as a contender for the top job. 

The German lender has also handed investment bank head Fabrizio Campelli responsibility for the Americas

Paul Clarke

Banking

C-Suite

Goldman Sachs names Weber and Wilkins to head real estate dealmaking in Europe

Ex-Deutsche Numis, Clearwater dealmakers launch mid-market boutique Pura 

Goldman Sachs promotes Mistry and Wick to lead leveraged finance in Europe

BNP Paribas flies in Lynagh from New York to head UK global banking

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Mark Lynagh is succeeding Matthew Ponsonby who has resigned from the bank

PwC hires Jefferies managing director in deals push

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Big Four firm boosts insurance M&A team with hire from US bank

Citi trader John Nihill joins ex-Brevan Howard portfolio manager’s hedge fund 

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Citi trader John Nihill joins ex-Brevan Howard portfolio manager’s hedge fund

Carl Radford’s White Elk Partners has also hired former Citi director Rob Jewell

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

Tariff uncertainty and a flagging tech trade dragged the S&P 500 and Nasdaq lower to start 2025.

U.S. Stocks Post Worst Quarter Since 2022 on Threat of Trade War

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