Mizuho, a Japanese bank, has managed to secure a former director of Deutsche Bank, Jon Murray, as its Head of equity capital market (ECM) Syndicate & Equity-Linked Origination for Europe, Middle East and Africa (EMEA).
During his career, Murray has only worked at one place – Deutsche Bank, according to his LinkedIn. So the move to Mizuho’s London office is a notable step and ends his more than 13-year-long tenure at the German investment bank.
During the 13 and a half years Murray spent at Deutsche, he held a number of roles focusing on convertibles origination, equity-linked syndicate, equity-linked liability management and convertibles trading where he was responsible for structuring, liability management and desk analysis for EMEA and the Asia Pacific.
Murray joined Deutsche Bank after graduating from the University of Warwick, a leading university in the United Kingdom. In 2005, he graduated with a degree in mathematics with honors.
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The departure of Murray from Deutsche Bank comes at a time when the firm is caught up in a money laundering scandal. Just last week, news broke that police had raided the bank’s offices as an investigation related to Panama Papers suggested that two employees at Deutsche Bank helped clients launder money.
In addition, Deutsche was also connected to another money laundering scandal which made headlines earlier this year involving Danske Bank. As a result of all of the scandals tied to the German bank, on Friday its shares hit a record low.
While it’s not clear as to Murray’s exact motivation to leave Deutsche and join the Japanese bank, it would not be surprising if the recent tension at the bank had any influence on his decision.
At the same time, Mizuho has been ramping up its hiring recently, particularly in regards to its international equities platform. Just last week the firm recruited a Managing Director in biotech equity research.