There have been two major departures at Deutsche Bank in New York. Insiders say both those exiting are off to boutique bank Moelis & Co.
Tommaso Zanobini, Deutsche's (ex) global head of fintech banking is understood to be joining Moelis along with a director, Taryn Widén. The two were comparatively recent hires for DB.
Zanobini joined Deutsche from Jefferies in November 2017. In a media release at the time the bank extolled his "extensive M&A experience," and "technical expertise." Widén arrived more quietly from Credit Suisse in 2018. Both were part of a joint venture between Deutsche Bank’s FIG and TMT banking teams.
Both Deutsche and Moelis declined to comment on the moves. Zanobini was not in his office when we called. It's not clear whether Deutsche will expect him to work his notice period.
Last year, Moelis hired 10 managing director-level investment bankers globally. "[We] still have lots of wide space within pretty much all of our sector groups,” said Navid Mahmoodzadegan, the bank's co-president and a founding partner at the time.
Deutsche Bank is cutting 18,000 jobs globally as CEO Christian Sewing tries to reduce costs by €6bn by 2022.
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