Deutsche Bank Australia’s head of infrastructure and utilities, Andrew Martin, will leave the investment bank at the end of June.
Sources familiar with the matter said he is one of more than 7,000 staff globally that Deutsche is retrenching by the end of 2019 and won’t be replaced.
Sydney-based Martin has been a director at Deutsche since 2009.
Meanwhile, the bank’s Australian head of metals and mining, Richard Gannon, is also leaving. Based in Melbourne, Gannon has been a managing director since 2010.
A spokesperson for Deutsche Bank declined to comment on the moves or how many of the 7,000 were leaving in Australia, New Zealand or Asia.
The bank’s co-head of corporate finance in Australia and NZ, Bruce MacDiarmid, will continue to oversee the infrastructure and resources teams in the region.