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Deutsche's investment banking division has suffered a number of
prominent departures in recent months, including Anthony
Whittemore, who had previously been co-head of Americas M&A
alongside Ratigan and left the firm in April to join Barclays
Plc <BARC.L> .
In May, Deutsche's North American CEO Jacques Brand left for
boutique bank PJT Partners as a partner in its M&A business.
The German bank also lost two of its top healthcare investment
bankers, Jason Haas and David Levin, who also left for rival
Barclays in March.
Ratigan became Deutsche Bank's co-head of Americas M&A in 2012.
He was previously a managing director with the German bank
focused on the industrials sector. The Leerink spokesman could
not provide Ratigan's new title at the firm.
Ratigan joined Deutsche in 2009 from Merrill Lynch, where he had
worked alongside Leerink's now head of investment banking Jim
Boylan. Deutsche Bank ranked ninth for announced U.S. M&A for
the first six months of the year, according to Thomson Reuters
data, up from the number 10 position at the same time last year.
Leerink was not ranked.
In recent years, European banks have struggled to keep pace with
American peers as they grapple with post-financial crisis
structural overhauls, including cost-cutting and shoring up
capital, which their U.S. counterparts have largely completed.
These pressures have been compounded by recent months by
Britain's vote to leave the European Union, which has created
uncertainty about the future of the continents' financial
sector.
(Reporting by Olivia Oran and Carl O'Donnell in New York;
Editing by Bernard Orr)
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