Deutsche recruits new investment banking head from rival

A long-mooted return of Deutsche Bank to the local investment banking scene is about to accelerate with the German outfit hiring Morgan Stanley’s high profile Emma-Jane Newton to head its Australian and New Zealand team.

Newton, who was appointed chairman of the Sydney Dance Company earlier this year and is a member of the Takeovers Panel, will be the Wall Street giant’s head of investment banking as Deutsche gets back into local dealmaking. It will be a big opportunity for Newton, who has been at Morgan Stanley since 2018. And there should be plenty of talent for her to choose from as she builds a team, given the lay-offs at some of the other major banks around town.