The man behind some of the most high-profile consumer industry mergers of the past 20 years has re-emerged on the advisory board at a New York-based boutique, treading a now well-trodden path for senior rainmakers between bulge-bracket firms and independent advisers.

David Jacobs, who was previously a vice-chairman of Deutsche Bank and head of the firm's global consumer, retail and business services group, has been named senior advisory director at Compass Advisers. Before joining Deutsche Bank in 2001, Jacobs ran the global consumer group at Morgan Stanley and before that he was co-head corporate finance at Hambro America, the US investment banking affiliate of Hambros Bank.