Deutsche Bank Transfers Tech Team to Renewables

By VIVEK AHUJA and RADI KHASAWNEH

Deutsche Bank AG has transferred its European technology-coverage team into a new, broader renewable-energy unit in the latest example of banks in Europe basing their business on the biggest, most lucrative sectors in response to the downturn.
Charles Bryant, previously a managing director in the technology group, has taken the new title of global head of renewable energy, a Deutsche spokeswoman confirmed. The new renewables team will cover the previous technology group's clients, as well as other companies across the renewable energy sector such as solar energy companies, many of which rely heavily on technology.
Thierry Monjauze, previously a director in the European technology group at Deutsche Bank, left the bank last month, according to the Financial Services Authority's register of authorized individuals.
Mr. Monjauze, who has 15 years' experience in the technology-banking industry, declined to comment on the reasons for his departure, adding that he is considering his next move.
A person familiar with the changes said the moves come as Deutsche Bank focuses more on covering companies with large stock-market capitalizations rather than covering companies across the large-, mid- and small-cap spectrum.
Mr. Monjauze becomes the latest senior technology banker to leave or change role in the past year. Karl Will, global head of tech M&A at J.P. Morgan, resigned in March, while Jean Tardy-Joubert quit as head of technology investment banking for Europe, the Middle East and Africa at Merrill Lynch in January. Late last year, Mark Fisher was named head of European tech investment banking at Jefferies after resigning from a similar role at Citigroup in June.
Separately, one of Deutsche Bank's top European financial credit derivatives traders has left to join Goldman Sachs Group Inc.
Mark Tanase, a senior European financial bond credit default swaps trader at Deutsche in London has left the bank. The bank isn't expected to replace Mr. Tanase, who has been in that role since November 2007.
Mr. Tanase is set to join Goldman Sachs in a similar role, according to a person familiar with the matter. Deutsche Bank and Goldman Sachs both declined to comment.
From Financial News at www.efinancialnews.com.
Write to Radi Khasawneh at radi.khasawneh@dowjones.com