Key facts
- Deutsche Bank appointed Alison Harding-Jones as co-head of its investment bank.
- Harding-Jones succeeds Mark Fedorcik, who is retiring after 30 years.
- The bank aims to increase market share in Europe and Asia.
- Deutsche Bank seeks to reduce reliance on fixed income trading revenue.
Deutsche Bank has appointed Alison Harding-Jones as co-head of its investment bank, succeeding Mark Fedorcik, who is retiring after 30 years with the bank. Harding-Jones, who joined Deutsche Bank in January 2024 as global head of mergers and acquisitions, brings over three decades of experience from previous roles at Citigroup and UBS. The bank is restructuring its investment banking division to a regional model, aiming to bolster its global presence and target market share gains in Europe and Asia. Key appointments include Pierpaolo Di Stefano leading origination and advisory for EMEA (ex-DACH), while Jeff Cady and Bruce Evans will oversee operations in the Americas. Berthold Fuerst will lead the division in Germany, Austria, and Switzerland. Deutsche Bank's investment bank reported €10.6 billion in revenues last year, a 15% increase, with its origination and advisory business generating €2 billion. However, the bank is seeking to reduce its reliance on fixed income trading, which accounted for 87% of the investment bank's earnings in the first quarter of 2025. CEO Christian Sewing has labeled 2025 as a "year of reckoning" for the bank, emphasizing the need to meet cost and profitability targets.