Deutsche Bank Urges Rainmakers to Chase More Lucrative M&A Deals

Deutsche Bank AGis encouraging its investment bankers to be more selective in pitching for mergers and acquisitions mandates and focus on more profitable deals, people with knowledge of the matter said, following a recent hiring spree at the firm.

While the German lender plans to continue to work with both large and small- to medium-sized firms, its investment bankers have been urged to prioritize winning mandates for bigger M&A deals, the people said. The move highlights the bank’s efforts to improve efficiency and boost revenues for its advisory division at a time when other business units are facing challenges, ...