Deutsche Bank expands leveraged capital markets presence in the Americas

By Paul Harris

St. Louis, May 15 - Deutsche Bank Securities announced in a Monday press release that it has appointed managing director David Flannery to be the head of leveraged capital markets in the Americas, a new role encompassing the underwriting and distribution of both high-yield bonds and syndicated loans in the region.

Flannery will also jointly manage a recently launched mezzanine investment business with Elad Shraga, a managing director in the global credit trading group. Flannery will report to Richard Byrne, co-head of global capital markets, and Michael Paasche, head of global leveraged finance.

Mark Fedorcik, a managing director, will succeed Flannery as head of high-yield capital markets, and Daniel Toscano will continue in his role as managing director and head of senior debt capital markets in the Americas. Both will report to Flannery.

In addition, Lex Malas will join the firm as a managing director in the high-yield capital markets group and Brian Goldberg will join the group as a vice president. Both will be based in New York and will report to Fedorcik.

Malas will join Deutsche Bank from UBS Securities, where he was most recently a managing director in the high-yield capital markets group specializing in the energy and technology, media and telecommunications sectors. Before that, he worked for 16 years at Goldman, Sachs & Co. in New York and London, where his roles included U.S. and European high-yield origination, leveraged loan trading and natural resources capital markets.

Goldberg joins from Goldman, Sachs & Co. where he worked in the financing group.

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