Deutsche Bank AG (DBK), Germany’s biggest lender, hired Maurice Marchesini from UBS AG (UBSN) to be a managing director and head of investment banking for Latin America.
Marchesini, 48, will be based in New York, Bernardo Parnes, Deutsche Bank’s chief executive officer for Latin America, said April 30 in a telephone interview. He’ll report to Parnes and Paul Stefanick, global head of industrials corporate finance coverage.
“We need to strengthen and expand our team because our revenues and business are growing in Latin America,” Parnes said. “The region is more and more a focus for Deutsche Bank.”
Marchesini, a Brazilian, has more than 15 years of experience covering Latin American clients and led the western region financial-institutions group at Zurich-based UBS, Parnes said. He has held the same role at Morgan Stanley and was chairman of Latin America global markets and investment banking at Merrill Lynch & Co., according to Parnes.
Deutsche Bank made Latin America an independent division last year to focus on Brazil and Mexico, Parnes said. The firm has about 740 full-time employees dedicated to Latin America, including 200 in New York. It also has workers in Argentina, Brazil, Chile, Peru and Mexico.
“We have done three cross-border merger-and-acquisition deals in the last three months,” Parnes said.
Deutsche Bank helped underwrite Banco BTG Pactual SA’s initial public offering last month and a share sale by Fibria Celulose SA, and was an adviser to Anheuser-Busch InBev NV in the announced acquisition of Dominican brewer Cerveceria Nacional Dominicana for $1.24 billion.
To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at email@example.com
To contact the editor responsible for this story: David Scheer at firstname.lastname@example.org