Deutsche Bank's head of corporate M&A joined a hedge fund

James Ruane, the global head of corporate M&A at Deutsche Bank, joined a hedge fund.

Ruane has just joined Bayview International in London as head of special situations according to his LinkedIn profile. He arrives after six and a half years in M&A with Deutsche Bank where he was responsibe for - among other things - the sale of Deutsche's prime brokerage business to BNP Paribas.

Bayview International is the London arm of U.S. fixed income fund Bayview Asset Management, based in Florida. It registered a London office in August 2019 under Pierre Lussato, who was formerly running Bayview's operation in Italy. Ruane, who didn't respond to a request to comment for this article, seems to be one of the most senior new employees. 

Ruane began his career at McKinsey & Co. and worked for private equity fund Apax Partners before joining Deutsche Bank as a managing director in 2013. With this latest move he has clearly decided that the buy-side is a better place to be.

Deutsche cut some of its M&A teams in 2018, but would presumably have preferred to keep Ruane as it pursues its new strategy of being a European-centric investment bank with a reduced cost base in 2010.

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