By Dana Mattioli
Deutsche Bank AG's Michael Santini, who co-heads the industrial-company group at the German firm's investment-banking arm, has been promoted to vice chairman of Americas corporate finance, according to a memo viewed by The Wall Street Journal.
In his new role, Mr. Santini will work with executive teams and boards of directors across industries and deliver a range of advice, according to the memo from Mark Fedorcik, Deutsche Bank's Americas corporate and investment-banking chief.
Mr. Santini also will work with the bank's private-equity coverage teams, the memo says. A spokeswoman for Deutsche Bank confirmed its contents.
Mr. Santini joined Deutsche Bank in 2009 and since then has helped build its industrial group. He has advised General Electric Co. on the sale of its railcar-leasing business to Wells Fargo & Co. and the purchase of its tank-car fleet and railcar-repair assets by Marmon Holdings Inc. He advised Colfax Corp. on its acquisition of Charter International and Marriott International Inc. on the spinoff of its timeshare business. Prior to Deutsche Bank, Mr. Santini spent 15 years at Merrill Lynch and was co-head of the Americas industrial group.
As part of the new role, which was created for Mr. Santini, he will become a member of the corporate and investment-banking executive committee for the Americas.
John Anos, who co-heads Deutsche Bank's natural-resources group in the Americas, will take over Mr. Santini's current responsibilities, co-heading the global industrial group with Richard Sheppard.
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(END) Dow Jones Newswires
November 15, 2016 12:13 ET (17:13 GMT)
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