Deutsche Bank has engaged a renowned investment banker to make up ground, especially in the German-speaking domestic market in the equity business and in advising on company acquisitions and acquisitions (M&A). As Deutsche Bank informs its employees, Ken Oliver Fritz strengthens the investment division of Deutsche Bank as Vice Chairman. This role is often intended for people who are experienced, have many customer contacts and therefore serve as a door opener to upcoming transactions. Meanwhile, the 53-year-old Fritz is likely to advise during the transactions and pass on his knowledge to the next generation of investment bankers.
Hanno Mußler
Editor in business.
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For Fritz it is a return, he began his career in 1995 at Deutsche Bank. In 1999, he joined Credit Suisse as a senior investment banker and Lazard in 2013. There he advised the supervisory board of VW on the Porsche IPO, Beiersdorf on acquisitions in the USA and the financial investors Carlyle, Advent and CVC. Deutsche Bank had severely curtailed its equity business in 2019 and probably for this reason often had to give way to prestigious mandates US banks such as JP Morgan and Goldman Sachs. This was the case, for example, with Porsche's IPO, in which, ironically, Fritz played a prominent role as an advisor.
In addition to former Deutsche Bank and Eon board member Marcus Schenck, Fritz's former employer Lazard strengthened his team last year with Christian Kames, who moved from JP Morgan to the investment banking consultancy.