Deutsche Bank's U.S. division has hired JPMorgan Chase executive Jeff Urwin to head its corporate finance activities and co-head its corporate banking and securities business.

Urwin had been head of global banking for JPMorgan since 2011. He moved there after three years in JPMorgan's investment banking division; he was co-head of Bear Stearns' global investment banking division when the company collapsed and was acquired by JPMorgan in 2008.

The hire "underscores our commitment to being a client-centric bank," Anshu Jain, co-chief executive officer of Deutsche Bank, said in a press release. Urwin replaces Robert Rankin, who recently left to become CEO of Consolidated Press Holdings, a diversified firm controlled by Australian businessman James Packer.

Urwin's co-leader in corporate banking at Deutsche is Colin Fan, who is also head of markets for the German bank's American division.

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