Hires and Fires
William Donovan, head of Goldman Sachs' mergers and acquisition for oil and gas, has left the bank's Moscow's operation to join Deutsche Bank.
A report in today's Financial News Online said Donovan has taken up a similar position at Deutsche.
His departure follows that of former executive director of equity sales Michael Capone, who quit for VTB Capital earlier this month.
Donovan joined Goldman Sachs in 2007 having spent over seven years at US brokerage AG Edwards, which is now part of the Wells Fargo banking group.
A Deutsche Bank spokesman said the German bank was “hiring selectively” and had never put a hiring freeze in place unlike many other banks in Moscow.
Goldman Sachs declined to comment.
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