David Flannery Exits Deutsche For BofA
August 20, 2008
David Flannery, a 15-year veteran of Deutsche Bank and most recently its global head of debt capital markets, has left the firm to join rival Bank of America as global head of leveraged finance, BofA said today.
BofA said it expects Flannery to start his new job in November. He will report to Bruce Thompson, head of global capital markets.
A spokesman for Deutsche Bank declined to comment but said that the bank will be announcing a new structure soon.
Flannery was appointed to head Deutsche’s leveraged debt capital markets group in the Americas last September, and in May he assumed the responsibilities of his European counterpart as well as the leveraged debt capital markets group operations in Asia. Prior to his appointment to head the leveraged debt capital markets group in the Americas last year, Flannery was a managing director in Deutsche’s leveraged finance group. He joined the bank in 1992.
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