Deutsche Bank veteran exits after spearheading a five-year restructure

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Deutsche Bank veteran exits after spearheading a five-year restructure
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Hugh Macdonald has led the European bank’s investment banking arm since 2020.

Deutsche Bank is set to lose one of its most experienced operatives in Australia, industry veteran Hugh Macdonald.

Deutsche’s former investment bank head, Hugh Macdonald, was named a global vice chairman in December. The bank picked up former Credit Suisse MD Karla Wynne to lead consumer and retail in June, and M&A deal maker David Geddes in August, among others. However, snatching market share will be a tall order for the German bank in Australia’s saturated advisory sector. It’s betting on its cross-border and debt capability to gain business, notching a big win

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