Deutsche Bank AG’s Mark Hebert has left the firm amid a round of cost cuts in the German lender’s investment bank, according to people with knowledge of the matter.
(Bloomberg) — Deutsche Bank AG’s Mark Hebert has left the firm amid a round of cost cuts in the German lender’s investment bank, according to people with knowledge of the matter.
New York-based Hebert, head of investment-grade trading, joined Deutsche Bank in December 2020, according to his LinkedIn profile. He’s also worked at Wells Fargo & Co. and Morgan Stanley.
Like many of its peers, the German lender is contending with a slowdown in dealmaking this year amid rising interest rates, a weakening global economy and the war in Ukraine. The cuts have affected a handful of positions across the bank, one of the people said.
A Deutsche Bank representative and Hebert declined to comment.
Read more: Wells Fargo High-Grade Trading Head Leaves a Year After Joining
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