Deutsche Bank has made a key hire today, bringing in veteran finance specialist, Thomas Piquemal, who recently found himself in need of a new role after abruptly quitting his former role at EDF following a protest over the group’s nuclear ambitions, according to a FT report.
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Mr. Piquemal joins Deutsche Bank with immediate effect, and steps into his new role as its Global Head of Mergers and Acquisitions (M&A), as well as the Chairman of the lender’s French business. The move runs counter to the directional flow of talent and executives at the lender in recent months, which has seen an exodus of personnel in the wave of a clearly defined restructuring plan amidst several quarters of poor profitability.
Mr Piquemal will be replacing Henrik Aslaksen, who left Deutsche Bank to join Credit Suisse as a Managing Director and Head of Strategic Client Coverage. He joins Deutsche Bank from EDF, after relinquishing his role as its Chief Financial Officer, resigning from the French utility company after an internal disagreement over whether to push ahead with the Hinkley Point nuclear reactor project in the UK.
Prior to EDF, Mr. Piquemal also held senior level roles at Veolia Environnement SA and as a partner at Lazard Ltd., according to information made public on his Linkedin profile.