David Flannery, managing director, has been named head of leveraged capital markets at Deutsche Bank, a new position. He had been head of high-yield capital markets. In his new role he will oversee the high-yield bond underwriting and syndicated loan businesses in the Americas. The new position was created to coordinate the two businesses as the markets have become more intertwined, one individual familiar with the move said. Flannery will report to Richard Byrne, co-head of global capital markets, and Michael Paasche, head of global leveraged finance. Byrne moved into that spot in April (CIN 4/24). Flannery will assume his new role immediately. Flannery will also jointly manage the mezzanine investment business, a new joint venture between origination and the trading platform, with Elad Shraga, managing director in the global credit trading group.
Mark Fedorcik, managing director, will become head of high-yield capital markets and report to Flannery. Dan Toscano, managing director and head of senior debt capital markets in the Americas, will continue his role and also report to Flannery.
The bank has also increased its high-yield capital markets desk, hiring Lex Malas as a managing director, and Brian Goldberg who started as a v.p. in April (CIN, 4/7). Both report to Fedorcik. Malas joins from UBS, where he was most recently a managing director in the high-yield capital markets group specializing in the energy and technology, media and telecommunications sectors. Goldberg joined from Goldman Sachs, where he worked in the financing group. Malas will start June 1.
