Deutsche Bank announced Monday that it had hired Jeff Rose as a managing director of its global consumer and retail mergers and acquisitions group, and the new head of its consumer and retail investment banking coverage in the Americas.
Mr. Rose leaves behind his position as a managing director in the M.&A. group focused on consumer and retail at Bank of America Merrill Lynch, where he had worked since 1997.
“The consumer and retail sector is a key area of focus,†Paul Stefanick, who runs Deutsche bank’s global investment banking coverage and advisory, said in a statement announcing the hire. “Adding a seasoned banker like Jeff, who has a proven track record and vast experience, underscores our commitment to providing our clients in this important sector with the most comprehensive global coverage.â€
Mr. Rose served in an advisory position on a number of high-profile transactions during his tie with Bank of America, including the $23 billion sale of Heinz to Berkshire Hathaway and 3G Capital last year. Mr. Rose also advised on ConAgra Food’s $5 billion purchase of Ralcorp in 2012.
With $130 billion in deals, Deutsche ranks ninth for its advisory work on mergers and acquisitions activity this year, behind Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch, according to the latest data from Thomson Reuters.
Mr. Rose, who will be based out of New York, will report to Deutsche’s co-heads of consumer and retail investment banking coverage, Keith Wargo and Scott Bell, and the co-heads of M.&A. Americas, James Ratigan and Anthony Whittemore.
