Murphy has been in investment banking for 21 years and joined Deutsche from Morgan Stanley in 2004.
Koch has worked with Deutsche’s most prominent real estate, gaming and lodging clients.
Jacques Brand, co-head of global corporate finance, says Koch is the natural choice to lead the real estate investment banking team, having been instrumental in its growth.
Jim DeNaut, co-head of global corporate finance, says the bank looks forward to continuing to work with Murphy in his role as adviser.
Koch has advised Fortress Investment Group and Centerbridge on the $8.8 billion Penn National Gaming acquisition this year. In 2006 he advised Apollo Management and TPG Capital on their $28 billion buyout of Harrah’s Entertainment.