The former head of Deutsche Bank’s investment bank has been snapped up by Centricus Asset Management.
Garth Ritchie has now joined the $27bn (£22bn) private equity firm, having left Deutsche Bank after an overhaul of the lender in July of last year.
Ritchie previously spent over 20 years at Deutsche Bank, and was later the president and head of its corporate and investment banking.
He will now be responsible for expanding Centricus’ capital markets and advisory business and will be based at the firm’s headquarters in London.
Josh Purvis, CEO at Centricus, said: “The current and foreseeable market dynamics and economic environment lends itself to significant capital markets issuance and strategic equity transactions. Centricus and our investors intend to be an important provider of liquidity for these opportunities.”
Centricus was founded in 2016 and invests in a number of core sectors including financial services, technology, infrastructure and fashion.
The firm also advised SoftBank Group Corp. on the creation of its $100bn (£81bn) Vision Fund and also worked on its $3.3bn (£2.7bn) takeover of Fortress Investment Group LLC.