Three more quit Deutsche Bank

THREE MORE investment bankers have left Deutsche Bank to join a rival firm, a spokesman for the German bank confirmed yesterday.

The departure of Peter Golob, who headed the 20-strong telecoms team, along with Andrew McLennan and Edward Dunn, has prompted speculation of more defections. Merrill Lynch yesterday declined to comment on reports that the trio had signed up to join its telecoms team, which is co-headed by Tom Casey.

Deutsche has recently suffered a number of high-profile defections as it restructures its operations and the relationship between its London and Frankfurt offices. Last month Rory Macnamara left its mergers and acquisitions team in London, while over 100 of its Silicon Valley-based technology analysts departed en masse to join Credit Suisse First Boston. Peter Golob's twin brother James, who is a telecoms analyst at Deutsche's equities division, is reported to be staying at the bank.