Summary
Deutsche Bank has hired Ed Liu, previously a senior technology banker at Bank of America, to serve as its global head of Technology, Media & Telecommunications (TMT). According to people familiar with the matter, Liu will relocate to New York and begin his new role in November. He is set to report to Alison Harding-Jones, who is co-head of the Investment Bank and global head of Investment Banking & Capital Markets at Deutsche.
Details of the appointment
Sources say Liu's move from Bank of America was confirmed after his departure was reported earlier this week. Deutsche Bank declined to make a public comment on the hire, and Liu was not available for comment. The firm has previously stated it plans to pursue strategic external hires to support longer-term growth objectives.
The appointment places Liu under the remit of Harding-Jones in Deutsche's investment banking leadership. His start date in November was specified by the sources, and his base of operations will be New York.
Industry movements surrounding the hire
Liu's departure is part of a sequence of senior-level changes reported at Bank of America this week. Bank of America disclosed that Mike Joo, its co-head of investment banking, will leave. Other notable moves across the banking industry this week include JPMorgan Chase naming Amy Lissauer to lead its shareholder engagement and activism defense group, and Citi hiring Rohan Sen to oversee coverage of the technology services sector.
Those shifts underline a period of personnel change among major investment banks, particularly within technology coverage and investment banking leadership teams.
Implications and timing
While Deutsche has emphasized an ongoing commitment to strategic hires, the bank would not comment on this specific appointment when contacted, and Liu could not be reached to comment on his forthcoming role. The clarity on Liu's start month and reporting line is among the few confirmed details available at this time.
Closing
The hire will formally take effect in November, with Liu joining Deutsche's New York operations and reporting to Harding-Jones. Observers will watch how this addition fits into Deutsche's broader investment banking and TMT strategies as the bank continues to recruit external talent to support growth plans.