Deutsche Bank Shuffles M&A Ranks; Ratigan to Leave

Deutsche Bank AG promoted investment banker Charlie Dupree to lead its Americas mergers-and-acquisitions team, succeeding Jim Ratigan, who plans to leave the bank, according to an internal memo.

Mr. Dupree led a number of deals in industrials sector for the bank, including Danaher Corp.'s spinoff of its Fortive Corp. unit this year, following the conglomerate's purchase of Pall Corp.

Meanwhile, the firm hired Bank of America Corp. technology banker David King to serve as co-head of technology M&A for the Americas, according to the memo, a copy of which was viewed by The Wall Street Journal. Mr. King will succeed Lee Counselman, who's taking a new role as global head of software for a division that manages investment-banking relationships with the Deutsche Bank 's clients.

Mr. King advised Dell Inc. and its private-equity-backer Silver Lake on the computer company's 2015 purchase of EMC Corp. and Good Technology Corp. on its buyout by BlackBerry Ltd.

The tech sector has accounted for a increased share of corporate tie-ups and buyouts by private-equity firms since 2015. But broadly, mergers volume has fallen from last year's record levels, in part due to stock and credit-market volatility around the start of 2016.

(END) Dow Jones Newswires

July 14, 2016 01:55 ET (05:55 GMT)

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