Cohrs to Jain: it can be complex

As Michael Cohrs retires as head of investment banking at Deutsche Bank, he leaves a flourishing M&A advisory business to complement the bank’s top-three trading businesses. It’s astonishing to see this outcome and think back 15 years to his arrival with colleague Maurice Thompson from SG Warburg. Deutsche Bank had just been given the IPO mandate to privatize Deutsche Telekom but had no idea how to do the deal. Cohrs and Thompson came across to execute it in the wake of a failed attempt to engineer a takeover of Warburg by Morgan Stanley.