The head of Deutsche Bank’s investment bank, who left last year amid a radical overhaul at the German lender, has re-emerged at a $27bn private equity firm staffed by former bulge bracket deal-makers.

Garth Ritchie, one of the highest-paid executives at Deutsche Bank until his departure in July 2019, has joined Centricus Asset Management, Centricus said in a statement. He will be responsible for expanding its capital markets and advisory business and will be based at the firm’s headquarters in London.