Deutsche Bank raises chairman pay, Wells Fargo hires Ghosh

Published April 10, 2026 4:00 PM

Updated April 10, 2026 4:00 PM

1 Min Read

In this week's banking news roundup:

Deutsche Bank is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21% to $1.35 million.
Wells Fargo has hired Neil Ghosh as head of chemicals investment banking.
Bank of America's Alexandre Bettamio is being considered for chief executive officer of Brazilian stock and derivatives exchange B3 SA.

Deutsche Bank raises chairman pay 21%, adds Henkel CEO to board

Deutsche Bank is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21% to €1.15 million ($1.35 million).

The current compensation "is no longer competitive in attracting and retaining highly qualified supervisory board members," Deutsche Bank said in a statement ahead of its annual shareholder meeting, which takes place next month.

Regular supervisory board members will see their pay rise 17% to €350,000, while that of the deputy chairman will rise by 16% to €550,000, Deutsche Bank said. Supervisory board members are eligible for further benefits, for example if they chair committees, the bank said.

The German lender is also proposing to elect Henkel AG KGaA Chief Executive Officer Carsten Knobel to the supervisory board to replace Frank Witter, who will step down for personal reasons. –Arno Schütze, Bloomberg News

Wells Fargo hires Ghosh to lead chemicals investment banking

Wells Fargo has hired Neil Ghosh as head of chemicals investment banking, a person familiar with the matter said.

Ghosh joins as a managing director from Truist Financial, where he was head of the chemicals division.

A spokesperson for Wells Fargo confirmed the hire and declined to comment further. Truist didn't immediately respond to a request for comment.

Ghosh will be based in New York and report to Jon Huerta, head of industrials investment banking. He will start at the bank after a standard period of leave, the person said.

Prior to joining Truist in 2024, Ghosh spent eight years as a managing director at Barclays focused on chemicals, and six years at private equity firm Compass Partners focusing on the chemicals and consumer sectors.

Ghosh adds to a growing list of investment bankers joining the San Francisco-based bank covering industrials.

Last year, Eric Moskal moved from UBS Group AG to become chair of the industrials team. —David Carnevali, Bloomberg News

BofA banker Bettamio is CEO candidate for Brazil’s B3

Bank of America's Alexandre Bettamio is being considered for chief executive officer of Brazilian stock and derivatives exchange B3 SA, according to people familiar with the matter.

The firm is also weighing internal candidates including Luiz Masagao, vice president of products and clients, the people said, asking not to be identified discussing personnel decisions.

B3 is looking to replace Gilson Finkelsztain, who was named CEO of Banco Santander Brasil last month, the people said.

Bettamio, a veteran dealmaker, was BofA's global co-head of investment banking until August, when he was named co-chairman of global corporate and investment banking.

He became head of Merrill Lynch's Brazilian investment banking unit in March 2008 and took over as CEO of the entire business in September of that year. The company promoted him to head of Latin America in 2013.

Masagao, vice president of products and clients at B3, joined the firm in 2024 from Banco Santander, where his roles included head of markets for Latin America, according to his LinkedIn profile. He previously worked at Morgan Stanley and Citi. —Rachel Gamarski and Cristiane Lucchesi, Bloomberg News

BNP Paribas said to hire UBS’ Abhishek Joshi to lead India ECM

BNP Paribas is said to have hired Abhishek Joshi to lead the equity capital markets business within its investment banking division in India, according to people familiar with the matter.

Joshi currently heads UBS' ECM operations in India, a role he assumed in April 2024, according to his LinkedIn profile. Before that, he spent about six years at Credit Suisse from 2018 to 2024. UBS and Credit Suisse units were merged into a single India group in April last year.

Representatives for BNP and UBS, as well as Joshi, did not respond to requests for comment.

The move comes as India's investment banking sector sees a surge in activity, with firms stepping up hiring to capitalize on the boom in equity issuance. In 2025, the country was among the world's busiest markets for first-time share sales, with companies raising about 1.95 trillion rupees ($21.1 billion), surpassing the previous year's record, data compiled by Bloomberg shows. —Rajesh Mascarenhas and Baiju Kalesh, Bloomberg News

Student landlord Unite hires Goldman to ramp up asset sales

Unite Group, the U.K. student housing landlord, has appointed Goldman Sachs as financial advisor and joint corporate broker as the company seeks to accelerate asset sales.

The bank will work alongside Unite's existing brokers JPMorganChase's Cazenove and Deutsche Numis and will advise the company's board "on options for further asset disposals," according to a statement Friday. The announcement came as Unite separately reported it had reserved 74% of beds for the next academic year, down from 76% a year earlier.

The company reiterated its occupancy and rent growth guidance would be at the lower end of expectations and said it was on track to deliver £300 million to £400 million ($537 million) of asset disposals this year. It has completed — or has under offer — £130 million of properties and is marketing a further £500 million of disposals that it expects to complete in the next year.

"Our strategy is focused on increasing our alignment to the U.K.'s leading universities where we see the strongest prospects for housing demand and future rental growth," Chief Executive Officer Joe Lister said. —Jack Sidders, Bloomberg News