Deutsche Bank has launched investment manager DB Investment Partners (DBIP), which will offer institutional and high net worth clients access to private credit investment opportunities.
According to the bank, DBIP will invest across a range of private credit investment strategies and asset classes including corporates, real estate and asset-based finance. This will include renewable finance and energy transition financing as well as infrastructure financing globally.
“Deutsche Bank has a longstanding track record in private credit investing across sectors and geographies,” said DBIP CEO Raheman Meghji. “DBIP will offer investors a way to access a set of differentiated investment opportunities sourced through Deutsche Bank’s global banking footprint and local market presence.”
Citigroup, meanwhile, has named Linos Lekkas and Patrick Frowein the new co-heads of its banking, capital markets and advisory division for continental Europe. While the pair’s responsibilities at Citigroup will preclude France, Italy and Ireland, the new division is expected to make up around half of its investment banking fee pool across the continent, the Middle East and Africa.
Lekkas has been with Citi for 13 years and is currently a managing director based in London. He spent five and a half years with Bank of America Merrill Lynch, which itself followed a near-eight-year stint at Credit Suisse. For his part, Frowein joined Citi last September as vice chairman of EMEA banking, capital markets and advisory. Before Citi, he spent eight and a half years at Deutsche Bank in a variety of roles.