A top Deutsche Bank executive is leaving to join private-equity firm Cerberus Capital Management.
The German bank announced Jeffrey Mayer’s departure yesterday in an internal memorandum. Mayer, currently head of North American corporate banking and securities, will remain at Deutsche Bank through the end of the month.
“We are grateful for his leadership and the work he has delivered during his time at the bank,” the memo, signed by co-heads of corporate banking and securities Colin Fan and Robert Rankin, read. “We wish him every success in his new endeavor and look forward to working with him as a client.”
Mayer has been with Deutsche Bank since 2010, joining it after a short stint at UBS. Prior to its collapse and sale in 2008, Mayer spent 19 years at Bear Stearns.