Deutsche Bank has reshuffled its senior management in corporate finance, naming two new co-heads of the business in Europe, the Middle East and Africa, and moving its former global co-head of investment banking coverage and advisory back to his old role focused solely on M&A.

The German bank has hired Karl-Georg Altenburg, previously chief executive and senior country officer for Germany, Austria and Switzerland at JP Morgan, to co-head corporate finance in Emea alongside Miles Millard.