Deutsche Bank (DBKGn.DE) has tapped a former Barclays Plc (BARC.L) financial services banker as co-head of its global insurance group, according to an internal memo sent to the bank's employees.
Gary Antenberg, who was most recently the head of Americas Insurance at Barclays, has joined Deutsche Bank as managing director and co-head of global insurance in the financial institutions group, according to the memo sent on Tuesday and reviewed by Reuters. He is based in New York.
Bill Nichol, based in Hong Kong, will co-head the global insurance group with Antenberg, in addition to his current responsibilities as head of the Asia Pacific financials investment banking coverage, according to the memo.
In addition, Stephen Fromm, head of Americas Insurance, will become vice chairman of financial services investment banking coverage, according to the memo.
Deutsche Bank worked with French insurer Scor (SCOR.PA) in its $910 million acquisition of Assicurazioni Generali's (GASI.MI) U.S. life reinsurance business earlier this year.
The bank also represented Athene Holding Ltd in its $2.6 billion acquisition of British insurer Aviva Plc's (AV.L) U.S. annuity and life insurance operations, which also closed this year.