Bloomberg News

Deutsche Bank’s Whittemore to Co-Head Americas M&A With Evans

June 28, 2011

June 29 (Bloomberg) -- Deutsche Bank AG, Germany’s biggest lender, named Anthony Whittemore joint head of the mergers-and- acquisitions advisory business for the Americas, a bank spokesman confirmed.

Whittemore, 43, will begin his role next month, said Scott Helfman, a spokesman for the lender. Whittemore is returning from London, where he was chief operating officer for corporate finance for about 18 months, Helfman said.

Whittemore, along with co-head Bruce Evans, will oversee an M&A business that is the eighth-biggest for deals in the Americas this year, according to data compiled by Bloomberg. Deutsche Bank’s global M&A business, run by Henrik Aslaksen in London, brought in 573 euros ($823 million) in fees last year, or about 7.7 percent of the total revenue from the Frankfurt- based lender’s divisions.

Deutsche Bank hired Whittemore from New York-based Citigroup Inc. in 2000 to be global head of telecommunications M&A. The New York Times, citing people it didn’t identify, reported at the time that he had a three-year pay package worth at least $18 million. Helfman declined to comment.

Whittemore later left to work for the World Bank, according to records on the website of the Financial Industry Regulatory Authority. He rejoined Deutsche Bank in 2008.

Whittemore is part of the Deutsche Bank team advising South Milwaukee, Wisconsin-based Bucyrus International Inc. on its planned $7.6 billion sale to Caterpillar Inc. If the deal is completed, Deutsche Bank may collect a $21.3 million fee.

Armin von Falkenhayn will succeed Whittemore as chief operating officer for corporate finance.

--Editors: William Ahearn, Peter Eichenbaum

To contact the reporters on this story: Zachary R. Mider in New York at zmider1@bloomberg.net; Jeffrey McCracken in New York at jmccracken3@bloomberg.net

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net.


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