By Anjuli Davies
LONDON (Reuters) - Deutsche Bank has set up a new management committee for its Corporate and Investment Banking division as part of a broader shake-up of Germany's largest bank, according to an internal memo seen by Reuters on Thursday.
Former Goldman Sachs banker Alasdair Warren will join the bank in spring 2016 as new head of the CIB division in Europe, Middle East and Africa, as previously reported by Reuters.
James McMurdo, currently CEO of the bank's business in Australia and New Zealand, will become head of CIB in Asia/Pacific. John Eydenberg becomes vice chair of CIB in the Americas alongside Paul Stefanick as head of CIB Americas.
Deutsche Bank, which has a big presence on Wall Street, said in October it would split its investment bank in two after mounting shareholder pressure for reform.
As part of its revamp, the bank plans to slash as many as 35,000 jobs over the next two years, shut operations in 10 countries and reduce the number of investment banking clients.
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The new structure comprises a business focused on corporate and investment banking, such as advising on M&A, and another division, Global Markets, focused on sales and trading.
Reuters previously reported that the German bank could announce the new team as soon as this week.
A spokesman for Deutsche Bank confirmed the contents of the memo.
The new executive committee is made up of 14 members in total, including two women, representing various product offerings and regions from both the investment banking and transaction banking businesses.
Mark Fedorcik, head of leverage finance and co-head of corporate finance for the Americas becomes head of debt capital markets and Mark Hantho will oversee equity capital markets.
Berthold Fuerst and Richard Sheppard are expected to be appointed co-heads of M&A for Europe, Middle East and Africa, according to a person familiar with the situation.
The role of global M&A head is still up for grabs after Henrik Aslaksen left the bank at the end of June. Sources have said that an external search firm has been called in to oversee the selection process.
Werner Steinmueller has been appointed head of global transaction banking.
Miles Millard, global head of Deutsche Bank's capital markets and treasury solutions division, which structures and underwrites primary equities, bonds and syndicated loans, will leave the bank after 27 years. The division is being dismantled, sources familiar with the matter previously told Reuters.
Garth Ritchie, currently head of the equities business, will run Global Markets.
Deutsche's corporate and transaction banking operations have been brought together in the CIB division and will be overseen by current investment bank co-head Jeff Urwin.
Deutsche hired Urwin, a Briton, in February from JP Morgan, where he co-headed the global banking division, having joined the U.S. bank in 2008 as part of its acquisition of Bear Stearns.
(Reporting By Anjuli Davies, editing by Freya Berry and Jane Merriman)