Clinton Daly resigned Monday as co-head of institutional equity sales at Deutsche Banc Alex. Brown, becoming the latest high-level executive to depart since the investment firm's acquisition by Frankfurt- based Deutsche Bank.

A spokeswoman for Deutsche Bank confirmed Mr. Daly's departure, which was effective immediately. A source said he left without lining up another job.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.