Ivor Dunbar, a former head of global capital markets at Deutsche Bank, is to leave the lender at the end of the month after more than 16 years of service, during which he helped to change the business’s reputation from bit-part player to top-tier underwriter.
The 51-year-old Scot is understood to be planning to take some time off before perhaps starting a new venture, probably outside banking. People with knowledge of the situation said he wasn’t considering switching to another bank at present, although colleagues have said he could easily find another role.
He joined Deutsche in 1997 from BZW, as the investment bank of Barclays was known at the time, to build up the group’s structured finance offering. He started as European head, later becoming global head, and helped to build the team into a market-leading force.
In 2005, he was promoted to head of global markets in Europe outside Germany, and tasked with integrating Deutsche’s equities and debt platforms. He took over from Colin Grassie, who had been chosen to head to Asia to lead the bank’s operations in the region.
Just a year later, he was given the job of head of global capital markets for Europe and Asia, later becoming global head.
Dunbar’s departure comes 10 months after that role was made redundant during an overhaul of the investment bank, which had been renamed corporate banking and securities by the firm’s new joint chief executives Anshu Jain and Juergen Fitschen.
With the global head of capital markets role no longer needed, Dunbar was made head of client franchise development.
Deutsche Bank declined to comment.
Separately, the bank’s head of syndicate desk in the Americas, Nigel Cree, is taking a leave of absence for personal reasons. He has plans to relocate to London and join the bank again in a new role there. Cree has been with Deutsche since 2001, joining after a seven-year career at Merrill Lynch where he held the same post.
Jeanmarie Genirs will be taking over the role. She has been with Deutsche for 10 years and has been part of the global risk syndicate team since 2005. Prior to taking up the new role, she was head of the US agency trading desk.