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McMurdo appointed Deutsche’s head of Investment Bank in A-Pac

Prior to his current role at Goldman, Alasdair was Head of the Financial Sponsors Group in EMEA and Head of EMEA Equity Capital Markets and Equity Derivatives in addition to leading Goldman’s United Kingdom investment banking business.

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It is understood he will remain as chief of Deutsche for Australia and New Zealand until a successor is appointed. John Eydenberg becomes vice chair of CIB in the Americas alongside Paul Stefanick as head of CIB Americas.

As part of its revamp, the bank plans to slash as many as 35,000 jobs over the next two years, shut operations in 10 countries and reduce the number of investment banking clients.

Deutsche Bank AG has put in place senior managers to oversee its global investment-banking and trading businesses, as a broad reshaping of its operations advances.

Deutsche Bank’s newly promoted James McMurdo will relocate to Hong Kong in early 2016 to take up a regional role as head of corporate and investment banking (CIB).

I am delighted to be joining Deutsche Bank at such an exciting point, where there is a great opportunity to build on what is an outstanding business.

Reuters previously reported that the German bank could announce the new team as soon as this week.

Tom Humphrey, who had been global head of credit and head of corporate banking and securities in the Americas, has chose to step down, according to people familiar with the situation. The division is being dismantled, sources familiar with the matter previously told Reuters.

The unit, run by Jeff Urwin, will be managed by a 14-strong committee that also includes James McMurdo, as head of Asia Pacific corporate and investment banking, the firm said in an internal memo, which was confirmed by a spokesman.

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Werner Steinmueller has been appointed head of global transaction banking. He reports to Garth Ritchie, who was recently tapped to lead the markets business globally, and Mr. Chadha.

UK-DEUTSCHE-BANK-RESTRUCTURING:Deutsche Bank announces new investment banking management team- memo