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Patrick, who was appointed head of global markets equities in
late 2015, will take over from Woodley in the coming weeks, one
of the people said.
Deutsche Bank declined to comment.
Germany's flagship lender announced earlier this month that
Chief Executive John Cryan would personally look after expanding
its U.S. business, which has lost market share to Wall Street
rivals.
A planned 8 billion euro ($8.5 billion) capital increase and a
stock market listing of Deutsche Bank's asset management
business will replenish the lender's capital reserves but also
free up funds for potential investments in its core business.
Since a push into investment banking starting in the late 1990s,
trading activities have mostly been the main driver of earnings
at Deutsche Bank, which views its U.S. performance as vital for
the bank's success.
(Editing by Maria Sheahan)
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