Deutsche Bank has named a new head of global retail investment banking coverage in New York as part of a trio of changes aimed at winning market share in the sector, as the German bank focuses on the US corporate finance market.

The German bank has hired Bank of America Merrill Lynch managing director Blake Hallinan to run retail investment banking globally. Hallinan, who has recently led deals for Texas convenience store operator Susser Holdings, Party City and Men's Wearhouse, will be based in New York.