Finance

Trading Places: Citi creates team for clean energy ‘megatrend’, Deutsche names new investment bank head

Citi has created a team of bankers to tackle the clean energy ‘megatrend’. The US bank has named Steve Trauber and Sandip Sen as co-heads of a new unit within its corporate and investment bank, bringing together three industry groups to help clients move into alternative and clean energy sources.

READ Citi creates new team of bankers to tackle clean energy ‘megatrend’

Deutsche Bank has named Fabrizio Campelli to lead its investment bank, as the German lender’s chief executive, Christian Sewing, steps back from managing the unit. As part of the changes, Sewing will now take on responsibility for human resources, with Michael Ilgner, global head of HR, reporting into him.

Campelli, who has most recently served as its chief transformation officer, will take responsibility for Deutsche’s corporate and investment bank, the bank said in a statement.

The move is part of a series of changes at the bank, which include handing Sewing a renewed contract to keep him at the helm until 2026, in what it described as a “clear signal of continuity”.

READ Deutsche Bank names Campelli as head of investment bank amid raft of board changes

KPMG’s board has nominated audit head Jon Holt as its preferred candidate for chief executive following the exit of former boss Bill Michael.

Michael left the firm in February after staff objected to comments he made on the topic of “unconscious bias” in an online town hall meeting.

KPMG said in a 31 March statement that Holt had been selected as the board’s nominee for the chief executive role with partners now set to vote on whether to approve the appointment on or before 14 April.

READ KPMG audit head Jon Holt set to replace ousted boss Bill Michael

JPMorgan has named two new heads of equity syndicate in Europe, poaching a 12-year Deutsche Bank veteran alongside an internal promotion.

The US bank has hired Ashish Jhajharia, Deutsche Bank’s co-head of equity capital markets for Europe, the Middle East and Africa and head of Emea syndicate, according to an internal memo seen by Financial News.

Jhajharia will co-head equities syndicate in Emea alongside Luke Butterworth, who has worked at JPMorgan for the past 18 years. Butterworth takes on the post immediately, while Jhajharia is set to join the bank in June after a period of gardening leave.

The two will report into Luiz E De Salvo, managing director, global cash equities.

READ JPMorgan hires Deutsche Bank European ECM co-chief in syndicate shake-up

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