Deloitte, a multinational professional services network, has managed to secure Jonathan Gold as a managing partner this month. A former managing director at Deutsche Bank, Gold is working in financial institutions group (FIG) investment banking at the firm.
In February of 2018, the former CEO of Deutsche Bank John Cryan pulled the plug on 250 jobs in the corporate and investment bank unit of the firm. Gold was one of the first professionals to be hit, with Reuters reporting on February 8th that Gold was at risk of being made redundant from his position of managing director and co-head of financial institutions group (FIG) debt capital markets (DCM) for EMEA (Europe, the Middle East and Africa).
This is because Gerald Podobnik, Gold’s co-head at the time, was set to become the sole head of the unit. In April, as Gold’s LinkedIn confirms, he left Deutsche bank, ending his more than six-year-tenure with the firm.
According to his LinkedIn, at Deutsche Bank, he covered FIG Investment Banking, Capital Markets, Structured Finance, ALM and Derivatives. Now, at Deloitte, Gold will also be working in FIG Investment Banking, plus Mergers & Acquisitions, Strategic Advisory, and Capital Markets making his position at Deloitte a larger role than what he held at Deutsche Bank.
Since the beginning of the year, numerous professionals have left Deutsche’s FIG, with many resigning voluntarily. From the firm’s FIG M&A business Claire Brooskby, Christos Tomaras, Kris Triggle, Rainer Polster and the team leader Tadhg Flood have all quit.
Deutsche Bank Tries to Revamp Equities unit
Not only has Deutsche’s FIG operations had a large reshuffle, in recent months, the firm has also been trying to revamp its equities unit. As FortuneZ reported, back in September the company made a series of changes to its global equities division. This includes Ashley Wilson and Brad Kurtzman being named as global co-heads of equities trading.