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Deutsche Bank global M&A chief set to depart

Celeste Guth, Deutsche Bank AG's global head of mergers and acquisitions, is set to leave the German banking giant, Bloomberg reported.

Guth was named to her role in July, a source familiar with the matter confirmed to S&P Global Market Intelligence. Before that, she was co-head of the global financial institutions group.

Guth is set to join PJT Partners Inc., another source told S&P Global Market Intelligence. There is no exact timeline on the move, the person said. She will join the investment bank as a partner in its strategic advisory business.

PJT Partners and Deutsche Bank declined to comment to S&P Global Market Intelligence.

The struggling German lender is seeing an exodus of senior employees. Recently, JPMorgan Chase & Co. hired Robert Carlson, who was a managing director in Deutsche Bank's technology corporate banking group, for its commercial banking group. SoftBank Vision Fund LP in early September hired Ioannis Pipilis, who was Deutsche Bank's head of fixed income. HSBC Holdings PLC in August named Nicolas Moreau, previously the chief executive of Deutsche Bank's asset management unit, to lead its asset management division.

Deutsche Bank in July announced a massive restructuring plan, which calls for 18,000 jobs to be axed by 2022, among other things.

The Guth represents another big personnel move for PJT. The company in September hired Antonin Baladi, who was previously Bank of America Corp.'s head of media and internet investment banking for Europe, the Middle East and Africa, to lead its European technology, media and telecommunications business.